Plume Network Launches Plume Genesis Mainnet for Real-World Asset Finance
Plume Network, backed by Galaxy Ventures, has unveiled its public mainnet, Plume Genesis, marking a significant milestone in the realm of real-world asset finance (RWAfi). Unlike previous endeavors that primarily focused on asset tokenization, Plume Genesis introduces a comprehensive blockchain and ecosystem tailored specifically for integrating RWAs into decentralized finance (DeFi) applications.
Institutional-Grade RWAs and Diverse Asset Classes
Upon its launch, Plume Genesis features on-chain institutional-grade RWAs sourced from prominent firms like Superstate, Blackstone, and Invesco. With over $150 million in real-world asset capital and more than 200 announced projects, the network offers access to liquidity across various asset classes. The platform supports a blend of RWAfi-native and established DeFi applications, including Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic.
Empowering RWA Tokens in DeFi Systems
Plume’s primary objective is to enable RWA tokens to operate similarly to native crypto tokens within DeFi ecosystems. This innovative approach allows users to engage with traditional asset classes while leveraging tools such as lending, yield farming, and leveraged trading. The platform envisions onboarding more than $4 billion in assets over time.
A standout feature of Plume is Nest, the platform’s proprietary RWAfi protocol. Nest offers institutional-grade vaults where users can stake stablecoins to acquire exposure to RWAs. In exchange, users receive yield-bearing RWA tokens, which can be utilized as collateral in DeFi applications to access additional capital and investment strategies.
Collaboration with Regulators and Policymakers
In addition to its technological advancements, Plume is actively engaging with regulators and policymakers in key regions such as the U.S., Europe, the UAE, and Asia to help shape crypto and capital market frameworks. The platform is involved in discussions with U.S. lawmakers, the Treasury Department, the SEC, and officials in Hong Kong and Europe.
Future Expansion and Tokenization of Diverse RWAs
Looking ahead, Plume plans to broaden the range of tokenized RWAs available on its platform. These may encompass unconventional categories like fine art, precious metals, vehicles, uranium, and trading cards, thereby diversifying the potential applications of RWAfi.
Image: Plume