Plume has just announced the completion of a $20 million financing round. For interpretations regarding this, you can refer to the previous article. Most of this round's financing comes from existing shareholders, primarily for the final valuation pricing before the token launch.

The recent rise of USUAL, ONDO, and OM has brought attention back to the RWA sector. I think this is a good thing; over the next four years, during the golden window of friendly policies, RWA will also be one of the main areas affected, alongside stablecoins and payments.

In simple terms, RWA is about tokenizing real assets on the chain, which can ultimately be traded freely on the chain. Currently, there are a few cases that are doing quite well and have gained recognition from the market and exchanges.

For example, the gold-backed token PAX Gold stores physical gold in regulated vaults and issues tokens equivalent to this gold. Some DeFi protocols convert traditional assets such as accounts receivable and debt into on-chain tokens, allowing people to purchase them on-chain to earn stable returns.