Written by: Haotian
Seeing the market report that @plumenetwork has raised $20 million, my gut tells me this will be a landmark event driving the development of the RWA track. In simple terms: Plume classifies all these into the category of RWAFi with a full-stack vertical integration technology framework and provides comprehensive infra + compliance services. Let me share my thoughts briefly:
1) The development and evolution of the RWA track has always been insufficiently systematic. The core business development logic involves massive asset injection on-chain + off-chain compliance and legal framework resource capabilities, as well as various 'experimental' scenarios that can be implemented, covering areas such as real estate asset tokenization, art collectible tokenization, security-type asset tokenization, supply chain finance tokenization, and cross-border trade tokenization, etc.
It will be found that these types of scenarios are very fragmented, but as projects like Ondo and Huma showcase in various vertical scenarios, the increasingly rich fragmented scenes lead to the emergence of aggregation service platforms like Plume, which is a sign of the maturation of the RWA track.
2) Based on this premise, Plume has built a modular infrastructure specifically for RWA track services, such as a tokenization construction engine aimed at the creation, registration, and management of RWA asset tokens, incorporating considerations of compliance and security at the asset issuance stage to ensure that the starting point of the platform's RWA assets can be deployed quickly, economically, and in compliance.
For example, Plume has built Nexus on-chain data services aimed at integrating reliable off-chain data, incorporating more real-time off-chain data into the blockchain system in the form of an oracle, essentially customizing a dedicated oracle data pipeline suitable for the RWA track.
In addition, facing the fragmented demand for compliance services, Plume directly incorporates 'compliance' suppliers into the upstream supplier system of the platform's business based on the platform's unified integration advantages, ensuring that all tokenized assets on the Plume platform meet regulatory requirements from the outset.
Of course, some unified wallet asset management tools equipped, including integration compatibility of various token standards such as ERC20, 721, 1155, 3643, as well as combinability integration with other on-chain DeFi infrastructure, will also be provided as a package of services.
3) On Ethereum, there are many technical frameworks like OP Stack, ZK Stack, Polygon CDK, Rollup as a Service, etc., but these B2B stacked frameworks are more capable of solidifying developers and quickly deploying some infra in a homogeneous manner.
In contrast, Plume faces greater challenges in building modular integrated services in the RWAFi direction, mainly because there is existing on-chain DeFi infrastructure experience regarding on-chain token standards, wallet adaptation standards, and DeFi ecosystem combinability access, but there are issues concerning off-chain compliance, reliability of Oracle data, on-chain liquidity volatility and regulatory divergence, on-chain behavior transparency and privacy protection, etc.
There are many complex challenges related to technology + operations + risk control waiting for Plume to solve.
However, as an RWAFi fragmented aggregation service platform, Plume's opening performance is quite good, having accumulated over 180 applications and protocols, and its testnet has already attracted over 3.75 million users, generating hundreds of millions of transactions.
This is actually not difficult to understand. Once the RWAFi aggregation platform effect occurs, it will naturally become a comprehensive portal for the RWA ecosystem, driving the RWA track to release its potential more quickly and efficiently.
