Author: Zen, PANews
As an important bridge between traditional finance and cryptocurrency, real world assets (RWA) are gradually becoming the focus of market attention. However, the current RWA market still faces many challenges: low efficiency, high cost, and the connection between the traditional financial system and the on-chain ecosystem is not smooth, and the bottleneck for further development needs to be broken through.
To solve this problem, a fully integrated and modular chain Plume application focusing on RWAfi was born. As the first RWA public chain that truly serves crypto-native users, Plume is committed to providing a more efficient, transparent and convenient solution A to create a dynamic, fluid and composable solution to redefine finance by providing the RW market, making it as versatile as native crypto assets.
Raised tens of millions, deployed assets exceed one billion.
After nearly a year of rapid development, Plume Network has been recognized by the community, institutions, emerging banks, and crypto-native protocols (such as lending protocols, perpetual contract DEXs, AMMs, etc.) as the best solution for RWAfi. Currently, over 180 projects have been built on Plume, with total deployed assets exceeding $1 billion, and several hundred million in assets are set to go on-chain. During a two-month testing phase, Plume also achieved significant results: the number of active wallets surpassed 3.75 million, and on-chain trading volume exceeded 270 million transactions, fully demonstrating the ecosystem's vibrancy and user engagement.
In November, Plume held a pre-storage event with an initial goal of $5 million, which was quickly filled within 70 seconds, exceeding expectations. In response to the significant demand from the community, Plume promptly raised the cap to $30 million, ultimately exceeding the target within 90 minutes, with oversubscription reaching six times the original plan.
Plume's growth potential has also been recognized by several well-known VCs, having raised a total of $30 million to date. In May of this year, Plume announced the completion of a $10 million seed round led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures. This round of funding has laid a solid foundation for Plume's innovation and expansion in the RWAfi space.
On December 18, Plume announced the completion of a $20 million Series A funding (with a total raise of $30M), with investors including Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (under Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others.
A blockchain ecosystem designed specifically for RWA, powered by DeFi principles.
Although there are many Layer 1 projects in the industry, and new projects continue to enter the field, competition is becoming increasingly fierce. However, due to the customized needs for permission management, compliance, and liquidity in the series of operations for real-world assets on-chain, Plume recognizes the need to create a blockchain specifically designed for RWA, achieving its goal by embedding more customization and functionality at the network level.
In contrast to traditional RWA models, Plume aims to create a more efficient and easily accessible ecosystem for crypto users and traditional financial institutions by leveraging DeFi principles, making it the first and only protocol focused on RWAfi. RWAfi represents a new model in blockchain finance, meaning that tokenized RWAs can be composable and flexible like native crypto assets. Based on the focus on adopting crypto-native principles, Plume prioritizes composability, liquidity, permissionlessness, and interoperability, designing products and business models around RWAfi.
Plume's modular infrastructure is specifically designed to support the tokenization and management of real-world assets, with core components of its architecture including the tokenization engine Arc, smart wallet, and on-chain data highway Nexus. Through the collaborative work of these components, Plume provides a seamless and secure environment for managing various asset classes, ensuring compliance and facilitating data integration.
Arc aims to simplify the creation, registration, and management of tokenized RWAs, supporting the tokenization of both physical and digital assets, integrated with compliance and data systems to ensure the accuracy, security, and compliance of each asset in the network. As an efficient asset tokenization engine, Arc's structure enables asset issuers to tokenize assets quickly and economically, while automated compliance checks reduce operational complexity and costs.
Plume's smart wallet aims to truly achieve the composability of RWA assets, providing customizable control features for managing digital assets, yield tools, and contract-based interactions. Users can access advanced DeFi functionalities through this smart wallet, such as yield generation and liquidity management, maximizing functionality while ensuring asset security and user control.
Nexus is a fundamental component of the Plume architecture, bringing real-world data onto the blockchain, supporting new use cases such as prediction markets, DeFi applications, and speculative indices. Nexus's data pipeline integrates reliable off-chain data, connecting with external sources, delivering real-time, actionable insights directly onto the blockchain. By providing accurate, real-time data, users can make informed decisions regarding tokenized assets, thereby enhancing the functionality and accuracy of on-chain financial products.
In terms of core functionality, Plume focuses on accelerating the on-chain integration of real-world assets, liquidity, and regulatory compliance, providing a comprehensive framework that includes liquidity management, built-in anti-money laundering (AML) compliance, and data access features.
Plume leverages its network of compliance partners to achieve compliance verification for tokenized assets, ensuring that transactions meet relevant regulatory requirements. By integrating compliance directly into the platform, it simplifies regulatory compliance processes and user registration processes. With integrated compliance features, users can confidently participate in RWAfi transactions while accessing a broader range of opportunities on the Plume network, provided they meet necessary legal standards.
In critical aspects of asset liquidity and market efficiency, Plume promotes liquidity development by collaborating with trusted liquidity providers and deploying yield enhancement mechanisms. Its trading functions enhance liquidity options for RWA tokens through staking, yield farming, and integration with DeFi protocols, supporting market activity. This allows users to engage in asset trading by reducing slippage and enhancing asset stability, while taking advantage of liquidity and yield opportunities in the RWA market.
Focusing on real yields, primarily serving crypto-native users.
As a special area where blockchain technology intersects with traditional assets, the immense potential of RWA derives from the traditional finance industry. Perhaps based on this, most current RWA projects are led by individuals with traditional finance (TradFi) backgrounds who attempt to bring traditional financial products onto the blockchain. However, the mainstream users on the blockchain tend to be more crypto-native rather than traditional finance users, making it difficult for most products to find a market fit.
Plume believes that to truly drive RWA growth, it must first focus on the needs of on-chain users. Its RWAfi concept is not just about putting RWAs on-chain, but also about tailoring products that are easy for users to understand and accept while combining traditional and crypto-native worlds based on what they are already doing. This is because on-chain users are typically the most vibrant and innovative when exploring RWAfi application scenarios, and have a strong demand for real yields, liquidity, and composability. Essentially, Plume meets these demands in a DeFi-like manner, aligning its products with market needs. What users encounter on the surface are decentralized financial products, but behind them are real-world assets that can generate actual yields.
As an open, permissionless chain, Plume provides an easy-to-use, compliant, and efficient asset on-chain tool, allowing anyone to freely build and drive development without restrictions. Among the hundreds of protocols that Plume has attracted so far, these assets cover various categories. Currently, Plume's asset categories can be broadly divided into collectibles, alternative assets, and financial instruments. Collectibles include wine, art, watches, sneakers, and Pokémon cards; alternative assets mainly consist of private credit, real estate, or green energy projects; financial instruments are primarily stocks or corporate bonds.
However, for the vast majority of crypto users, the category of the asset itself is not important; its utility and potential yield are the focus. Therefore, based on the premise of benefiting existing on-chain users, Plume also prioritizes its work on the three main use cases most important to crypto users. The first category is yield farming, which focuses on earning yields through depositing funds, cyclical operations, etc., while achieving operational efficiency and convenience. The second category is trading, including buying, selling, lending, and traditional spot trading activities. The third category is speculation, mainly involving derivatives and other similar high-risk investment operations. Plume focuses on assets and application scenarios related to these protocols to make them more aligned with the actual needs of crypto users.
Plume focuses on generating real yields through yield-bearing assets, introducing real users into the crypto ecosystem and expanding the use cases of RWAs. For example, Plume collaborates with renewable solar energy RWA project Projective Finance to provide users with opportunities to earn yields from solar assets valued at $100 million. Projective Finance tokenizes 'leveraging commercial solar construction loans and subsequent operational assets,' which will serve development projects for public school districts. Plume Network states, 'These projects have 100% contracted revenue and predictable costs.' According to the statement, both teams believe that the commitment from school districts to these development projects reduces the overall risk of the tokenization project, with expected yields ranging from 9% to 18%.
In addition to emphasizing the needs of on-chain users, Plume also serves traditional financial institutions and is able to address major challenges related to compliance and liquidity in promoting institutional adoption. This bidirectional service strategy positions it to achieve innovation and breakthroughs in the RWAfi space, meeting the different core needs of crypto-native users and traditional financial institutions.
Looking ahead, Plume, which is about to officially launch its mainnet, will technically enhance the scalability and security of its infrastructure further while integrating more features to improve data privacy. In terms of ecosystem development and RWA expansion, it will undoubtedly increase more asset categories, including tokenized luxury goods, stocks, and new forms of commodities. Additionally, by expanding partnerships with financial institutions, Plume will make it easier for institutional investors to access tokenized RWAs. This strategic positioning not only facilitates the connection between the crypto world and traditional finance but also positions Plume as an important bridge to drive the development of RWAfi.
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