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), are pleased to announce plans to expand RWAfi’s use cases by natively issuing Ondo’s Tokenized US Treasuries products on the Plume Network, including United States Dollar Yield (USDY), Ondo’s US Treasuries-backed yieldcoin.
This collaboration combines Ondo’s expertise in institutional-grade DeFi products and asset management with Plume’s blockchain infrastructure tailored for RWA projects, protocols, and capital providers. Together, the relationship aims to simplify RWA onboarding and streamline capital onboarding through RWAfi-specific capabilities. With over $450 million in TVL across 8 blockchains, USDY currently offers a 4.65% APY and will enable global (non-U.S.) individual and institutional investors on Plume to access the utility of stablecoins combined with the yield generation backed by U.S. Treasuries.
Accelerating the adoption of RWAfi
Plume has established itself as a pioneer in RWAfi, facilitating asset tokenization and integrating capital and compliance providers directly into its blockchain infrastructure. With support for over 180 RWAfi projects in development, Plume provides a secure and cost-effective ecosystem for RWAfi-focused entities and asset issuers.
“Our mission at Plume is to build a composable financial ecosystem that enables seamless trading of real-world assets,” said Chris Yin, CEO of Plume. “Integrating Ondo into our ecosystem enables us to offer investors a comprehensive platform for diversifying investments across multiple RWAs, further accelerating the development of RWAfi-focused entities.”
Enhancing accessibility and compliance
Ondo Finance is dedicated to making institutional-grade financial products and services accessible to everyone. By combining blockchain technology with best practices from traditional finance – including investor protection, transparency, legal and regulatory compliance – Ondo creates and manages tokenized financial products while developing decentralized finance protocols.
The collaboration will focus on expanding RWAfi’s use cases for USDY, bringing a composable, yield-bearing asset to a nascent RWA ecosystem to create new opportunities for users and issuers.
“We are excited to integrate our U.S. Treasury bond products into the Plume ecosystem, given the clear success of RWAfi being driven by the Plume Network,” said Katie Wheeler, Vice President of Partnerships at Ondo. “Plume is creating a network effect of opportunities for RWA issuance, and having a yield-bearing, compostable asset to power this economy is a win-win for both the asset utility and the ecosystem as a whole.”
Integration of RWAfi's proven leadership
The Ondo Finance and Plume Network teams include professionals with extensive experience from globally recognized institutions such as JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional combination of traditional finance and blockchain expertise equips the partnership with the strategic acumen and technical expertise to meet the evolving needs of the RWAfi ecosystem. By bringing together these seasoned leaders, Ondo and Plume are uniquely positioned to deliver next-generation solutions and unlock new opportunities in real-world asset finance.
About Ondo Finance
Ondo Finance is a web3-native technology and asset management company building an open and more accessible financial system by launching institutional-grade assets, services and infrastructure on public blockchains. Ondo’s first flagship products are tokenized cash equivalents that offer very low risk and high-quality yield on US Treasuries, money market funds and similar instruments, offering onchain investors an alternative to stablecoins where holders, rather than issuers, earn the vast majority of the yield on the underlying asset. For more information, please visit https://www.ondo.finance and https://www.ondo.finance/usdy
About Plume
Plume is the first fully integrated modular L1 blockchain focused on RWAfi, offering a composable and EVM-compatible environment to integrate and manage diverse real-world assets. With over 180 projects on its private devnet, Plume provides an end-to-end tokenization engine and network of financial infrastructure partners, simplifying asset integration and enabling seamless integration of DeFi for RWAs. Learn more at https://www.plumenetwork.xyz or contact press@plumenetwork.xyz
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