Plume Network has announced that it is ready to tokenize 1.25 billion dollars in Real-World-Asset (RWA) by Q4 2024. Users holding such tokens will be able to earn returns on assets such as mining rights, solar farms, and Medicaid credits. 

Plume Network and RWA: tokenize 1.25 billion dollars by Q4 2024

Plume Network, the modular layer-2 blockchain, is said to be ready to tokenize 1.25 billion dollars in Real-World-Asset (RWA) by Q4 2024. The goal is to reach a total tokenization of 3 billion dollars.

The journey to $3B starts now.

We're set to tokenize $1.25B+ in real world assets like solar farms, Medicaid claims, and mineral rights by Q4!

You can earn yield on high-value, traditionally inaccessible assets.https://t.co/frXrKkbnZp

— Plume Network Token2049 (@plumenetwork) September 21, 2024

“The journey towards 3 billion dollars starts now. We are ready to tokenize over 1.25 billion dollars in real-world assets such as solar farms, medical claims, and mining rights by the fourth quarter! You can earn on high-value and traditionally inaccessible assets.”

In practice, users who hold such tokens will be able to obtain returns from RWA assets such as solar farms, medical claims, and mining rights. 

Specifically, Plume Network intends to tokenize 500 million dollars of the private credit fund Credbull, 300 million dollars of Plural Energy solar parks, some oil and gas mining rights, and 120 million dollars of Medicaid credits. 

Akul Penugonda, CEO of Medex, stated that the tokenization of Medicaid reimbursement claims will solve liquidity issues for healthcare providers. 

Even Josh Chinnaswamy, CEO of Projective Finance, stated that Plume Network’s plan could improve the financing challenges faced by the solar energy sector.

Plume Network and the new RWA tokens coming soon

As anticipated, Plume Network is a modular layer-2 blockchain with an infrastructure built for scalability and flexibility, allowing the seamless integration of various real-world assets. Its modular approach ensures that the platform can grow and adapt to the needs of its users. 

The objective of Plume Network is to launch RWA tokens without code, a tool that allows users to tokenize assets without the need for in-depth technical knowledge. In this way, the process of tokenizing RWA becomes accessible to a wider range of asset issuers.

From a compliance perspective, Plume Network ensures that all projects on its platform meet regulatory standards, fostering trust and credibility among investors.

At the moment, the ecosystem offers over 100 projects that span various sectors, including real estate and commodities. 

Regarding the new announcement on the tokenization of RWA for 1.25 billion dollars, Chris Yin, co-founder and CEO of Plume Network, also commented as follows:

“What distinguishes Plume is the proprietary access to high-yield private assets, such as private credits, Medicaid credits, and renewable energy, which are tokenized exclusively on our platform. These assets, traditionally out of reach for most investors.”

The best RWA tokens in circulation in various sectors

Last April 2024, the best RWA in circulation by sector were analyzed. For example, in Real Estate, platforms with RealT and Harbor have launched tokens as parts of real estate properties that allow investors to earn rental income and benefit from the appreciation of property values.

In the precious metals sector, on the other hand, projects like Paxos Gold (PAXG) offer tokens that represent physical gold stored in secure vaults. Here, investors purchase fractions of a gold bar along with its certificate of authenticity and the security of full coverage. 

Also the debt and credit sector sees some key players, such as Centrifuge and Tinlake that allow the tokenization of commercial credits and loans. And then, another sector of RWA is that of Works of Art, with projects like Artory and Maecenas where investors can purchase shares of famous paintings or sculptures, making the art market more accessible and liquid. 

The market for RWA tokenization is booming. In June, Ripple extended its collaboration with Achar to bring hundreds of millions of dollars of tokenized RWA on XRP Ledger over the course of 2025.