Ondo Finance and Plume Network Partner to Expand RWAfi Use Cases

Ondo Finance and Plume Network are teaming up to bring Ondo’s tokenized U.S. Treasury products to more investors across the real-world asset finance ecosystem.

The partnership between Ondo Finance (ONDO) and modular Layer 1 blockchain for RWAfi, Plume Network, is targeting RWAfi. According to the two platforms, the goal is to expand access to products like Ondo U.S. Dollar Yield (USDY) through Plume Network.

By combining Ondo’s expertise in Treasury-backed yieldcoins and Plume’s RWAfi-friendly infrastructure, the two projects can simplify capital integration and onboarding. Ondo’s native USDY issuance on Plume is a step in this direction.

Read more: BounceBit Partners with Ondo Finance for Tokenized Real-World Assets.

Ondo Finance’s flagship project, USDY, is currently the fourth-largest tokenized U.S. Treasury bond product, with over $450 million in value across eight blockchains. Hashnote’s short-duration yield coin, BlackRock’s BUIDL, and Franklin Templeton’s Onchain U.S. Government Money Fund have their total value currently locked at $1.8 billion, $621 million, and $554 million, respectively, according to data from rwa.xyz. #BtcNewHolder $XRP $BNB $SOL