Plume Community, supported by Galaxy Ventures, has launched its public mainnet, Plume Genesis. The platform is the primary full-stack blockchain and ecosystem constructed particularly for real-world asset finance (RWAfi). In contrast to earlier initiatives that targeted primarily on tokenizing property, Plume Genesis affords infrastructure designed to combine RWAs into DeFi functions.
At launch, Plume Genesis contains on-chain institutional-grade RWAs from companies akin to Superstate, Blackstone, and Invesco. The community helps over $150 million in real-world asset capital and hosts greater than 200 introduced tasks. It additionally gives entry to liquidity throughout completely different asset courses. The ecosystem options a mixture of RWAfi-native and established DeFi functions, together with Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic.
Plume goals to make RWA tokens perform equally to native crypto tokens inside DeFi techniques. This permits customers to entry conventional asset courses whereas utilizing instruments akin to lending, yield farming, and leveraged buying and selling. The platform targets onboarding greater than $4 billion in property over time.
One key characteristic is Nest, Plume’s in-house RWAfi protocol. Nest affords institutional-grade vaults the place customers can stake stablecoins to achieve publicity to RWAs. In return, they obtain yield-bearing RWA tokens, which can be utilized as collateral in DeFi functions to entry additional capital and methods.
Plume can be working with regulators and policymakers within the U.S., Europe, the UAE, and Asia to assist form crypto and capital market frameworks. This contains discussions with U.S. lawmakers, the Treasury Division, and the SEC, in addition to officers in Hong Kong and Europe.
In future updates, Plume plans to develop the forms of tokenized RWAs accessible on the platform. These could embody non-traditional classes akin to nice artwork, treasured metals, automobiles, uranium, and buying and selling playing cards, broadening the potential functions of RWAfi.
Picture: Plume
