Plume, a blockchain network aimed at integrating real-world assets (RWAs) into the decentralized finance (DeFi) sector, has officially launched its Genesis mainnet. This event represents what the Plume team describes as the “next generation” of asset-backed DeFi.
Key Highlights:
- Launch Announcement: Plume announced its eagerly awaited Genesis mainnet on Thursday.
- Innovative Approach: This launch enables the tokenization of traditional financial instruments, allowing RWAs to leverage blockchain financial tools.
- Major Partnerships: At its launch, Plume disclosed collaborations with financial giants like Blackstone and Invesco, with more than $150 million in utilized RWAs, alongside ties to notable DeFi platforms such as Curve and Morpho.
“Through Plume, RWA tokens behave just like crypto-native tokens, enabling users to seamlessly integrate high-yielding real-world assets across familiar DeFi primitives like lending, liquidity provision, yield farming, and leveraged positions,” shared the Plume team.
In December, Plume revealed it raised $20 million during its Series A funding round, bringing a total of $4 billion into its ecosystem. Future plans include introducing additional asset classes and RWA-focused use cases like tokenized art, precious metals, uranium, and trading cards.
For further details, you can read more about Plume’s achievements here.
