Ondo Finance is known for its institutional-grade financial products on the blockchain, while Plume Network is the first fully integrated and modular Layer-1 blockchain designed for Real World Asset Finance (RWAfi). Both parties now announce their expansion of RWAfi use cases by issuing Ondo's tokenized U.S. Treasury products on the Plume Network, including the USDY — Ondo's yield coin based on U.S. Treasuries.

This collaboration combines Ondo's expertise in institutional-grade DeFi products and asset management with Plume's tailored blockchain infrastructure for RWA projects, protocols, and capital providers. The partnership aims to simplify the access process for RWAs and streamline capital integration through RWAfi-specific features. Currently, USDY has a total locked value (TVL) of over $450 million across eight blockchains, providing an annual percentage yield (APY) of 4.9%, enabling global (non-U.S.) users and institutional investors on Plume to benefit from the advantages of stablecoins combined with U.S. Treasury yield generation.

Accelerating the adoption of RWAfi

Plume has become a pioneer in the RWAfi space, facilitating asset tokenization and directly integrating capital and compliance providers into its blockchain infrastructure. Plume currently supports over 180 RWAfi projects under development, providing a secure and cost-effective ecosystem for entities and asset issuers focused on RWAfi.

“Plume’s mission is to build a composable financial ecosystem that makes the trading of real-world assets seamless,” said Chris Yin, CEO of Plume. “Integrating Ondo into our ecosystem allows us to provide investors with a comprehensive platform that supports diversification across various RWAs, further accelerating the development of the RWAfi-focused entity space.”

Enhancing accessibility and compliance

Ondo Finance is committed to making institutional-grade financial products and services accessible to everyone. By combining blockchain technology with the best practices of traditional finance — encompassing investor protection, transparency, legal and regulatory compliance — Ondo creates and manages tokenized financial products while developing decentralized financial protocols.

This collaboration will focus on expanding the use cases of USDY in RWAfi, bringing a composable, yield-generating asset into the nascent RWA ecosystem, thus creating new opportunities for users and issuers.

“We are excited to integrate our U.S. Treasury products into the Plume ecosystem, given Plume Network's significant success in advancing RWAfi,” said Katie Wheeler, partner and vice president at Ondo. “Plume is creating a network effect for RWA issuance, and a composable, yield-generating asset can provide strong momentum for this economic system, enhancing the asset's utility and bringing immense benefits to the entire ecosystem.”

Integrating mature RWAfi leadership

The teams from Ondo Finance and Plume Network comprise professionals from globally renowned institutions, including JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional blend of traditional financial giants and blockchain specialists has deployed strategic wisdom and expertise to address the evolving needs of the RWAfi ecosystem. By uniting these experienced leaders and leveraging the unique strengths of Ondo and Plume, advanced solutions for Real World Asset Finance (RWAfi) can be provided, unlocking new opportunities.

About Ondo Finance

Ondo Finance is a Web3-native technology and asset management company dedicated to building an open and compliant financial system by launching institutional-grade assets, services, and infrastructure on public blockchains. Ondo's first core products are tokenized cash equivalents, providing extremely low-risk, high-quality yields through U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins and allowing asset holders, rather than issuers, to capture most of the yield from the underlying assets.

For more information, please visit: https://www.ondo.finance and https://www.ondo.finance/ousg

About Plume

Plume is the first Layer 1 modular blockchain fully integrated and focused on RWAfi, providing a composable, EVM-compatible environment for accessing and managing a diverse range of real-world assets. With over 180 projects already on its private development network, Plume offers an end-to-end asset tokenization engine and a network of financial infrastructure partners, simplifying the asset access process and achieving seamless integration of RWA with DeFi.

For more information, please visit plumenetwork.xyz or contact press@plumenetwork.xyz