Plume, a modular Layer-2 blockchain designed for Real World Asset Finance (RWAfi), has recently joined forces with Soneium, an Ethereum Layer-2 open blockchain developed by Sony Block Solutions Labs. This partnership aims to provide Soneium users with RWA staking and real-world yield opportunities through Plume’s native interoperability layer, SkyLink.
According to a press release shared with Cryptonews, the integration of SkyLink enables users to securely stream real-world asset value and yield across different blockchains. This allows users to access asset-backed yield products, including tokenized US Treasuries and private credit offerings from the Plume chain. The collaboration will leverage a real-world asset distributor managing over $4 billion in tokenized assets, including products from Ondo Finance, a prominent issuer of tokenized US treasuries.
The partnership between Plume and Soneium aims to create an interconnected RWAfi network that accelerates mainstream adoption of real-world assets. Chris Yin, CEO of Plume, highlighted the importance of advancing RWAs to foster growth within the crypto ecosystem. He mentioned that the collaboration with Soneium will provide over 5.1 million users in their ecosystem with access to previously inaccessible yield opportunities.
Ryohei Suzuki, Director of Sony Block Solutions Labs, emphasized the significance of offering real-world yield through tokenized assets in making blockchain services relevant to mainstream financial use cases. He stated that the partnership with Plume unlocks a new layer of value for the Soneium ecosystem and its users.
Plume is described as a full-stack RWA Chain and ecosystem with more than 180 projects currently building on its platform. It offers an end-to-end tokenization engine, a network of financial infrastructure partners, and an EVM-compatible environment for managing diverse RWAs. The PLUME token is currently trading at $0.189, showing a positive trend with an increase in value over the past day, week, and month.
On the other hand, Soneium, built on Optimism’s OP Stack by Sony Block Solutions Labs, has seen its total value locked (TVL) surpass $100 million, reaching $155.48 million according to DeFiLlama. The blockchain platform has experienced a 15% increase in TVL over the past 24 hours.
In recent months, Soneium has formed partnerships with various entities such as Astar, AltLayer, EigenLayer, Animoca Brands, San FranTokyo, and LINE to expand its offerings in the realms of digital identity, gaming experiences, and popular anime content. These collaborations aim to enhance the utility and reach of Soneium’s blockchain ecosystem.
The collaboration between Plume and Soneium signifies a significant development in the realm of real-world asset finance, bringing tokenized US Treasuries and private credit yields on-chain. This partnership is expected to open up new opportunities for users within both ecosystems, paving the way for further innovation and growth in the blockchain space.