Original source: Plume Network

Ondo Finance, known for its institutional-grade financial products on the blockchain, and Plume Network, the first fully integrated and modular layer-1 blockchain designed for real-world asset finance (RWAfi), have announced that they will expand the use case of RWAfi by issuing Ondo’s tokenized U.S. Treasury products on Plume Network, including USD Yield (USDY) — Ondo’s U.S. Treasury-based yield token.

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 collaboration aims to simplify the onboarding process for RWAs and streamline capital integration through RWAfi-specific features. USDY currently has a total locked value (TVL) of over $450 million across 8 blockchains, offers an annualized yield (APY) of 4.9%, and will enable global (non-US) users and institutional investors on Plume to take advantage of the combination of stablecoins and US Treasury yield generation.

Accelerating the Popularization 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 in development, providing a secure and cost-effective ecosystem for entities and asset issuers focused on RWAfi.

Chris Yin, CEO of Plume, stated, "Plume's mission is to build a composable financial ecosystem that makes the trading of real-world assets seamless, integrating Ondo into our ecosystem to provide investors with a comprehensive platform that supports diversification of investments across various RWAs, further accelerating the development process focused on RWAfi in the real sector."

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 finance protocols.

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

Katie Wheeler, Partner and Vice President of Ondo, stated, "We are excited to integrate our U.S. Treasury products into the Plume ecosystem, given Plume Network's significant success in promoting RWAfi. Plume is creating a network effect for the issuance of RWAs, where a composable and yield-generating asset can provide powerful momentum for this economic system, enhancing the utility of the asset and delivering substantial benefits to the entire ecosystem."

Integrating Established RWAfi Leadership

The teams of Ondo Finance and Plume Network consist of professionals from globally renowned institutions, including JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional fusion of traditional financial giants and blockchain specialists allows both sides to deploy strategic wisdom and expertise in responding to the changing demands of the RWAfi ecosystem. By uniting these experienced leaders and the unique advantages 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, offering extremely low-risk, high-quality yields through U.S. Treasury bonds, money market funds, and similar instruments, providing on-chain investors with an alternative to stablecoins, allowing asset holders rather than issuers to capture most of the underlying asset's yield. For more information, please visit the official website.

About Plume

Plume is the first Layer 1 modular blockchain fully focused on RWAfi and entirely integrated, providing a composable, EVM-compatible environment for accessing and managing a diverse range of real-world assets. With over 180 projects already in its private development network, Plume offers an end-to-end asset tokenization engine and a network of financial infrastructure partners that streamline asset access processes and achieve seamless integration of RWA and DeFi. For more information, please visit the official website.

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