Plume Network: Streamlining Real-World Assets on the Blockchain

The regulatory landscape for blockchain is evolving, with an emphasis on compliance. This bodes well for real-world assets (RWAs) on the blockchain, and Plume Network is capitalizing on this shift.

Plume, a blockchain startup, has secured $10 million to develop the first layer-2 blockchain specifically designed for RWAs. This funding round positions Plume as a leader in simplifying the process of tokenizing real-world assets like real estate, art, and financial instruments.

Solving the RWA Onboarding Challenge

Traditionally, onboarding RWAs onto blockchains has been a complex and time-consuming process, riddled with paperwork, custodial requirements, and regulatory hurdles. Plume tackles this challenge head-on by offering a comprehensive solution. Their Ethereum-based blockchain streamlines the process, allowing users to leverage DeFi features for RWAs, including yield generation, borrowing/lending, and trading.

Built for Speed and Efficiency

Plume leverages Arbitrum Nitro, a technology that facilitates fast and affordable transactions on the Ethereum blockchain. This ensures smooth interoperability with other chains within the Arbitrum ecosystem. Plume aims to revolutionize the current system, where onboarding an asset can take up to two years. Their standardized approach promises to significantly reduce this timeframe.

A One-Stop Shop for Tokenization

Plume offers a complete suite of tools for tokenizing assets. This includes entity setup, regulatory filings, asset custody, cap table management, and user verification (KYC). With over 80 projects already deploying RWAs on their private test network, Plume is poised for a public launch soon.

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