Plume, a blockchain community targeted on real-world belongings, introduced on Thursday the launch of its hotly anticipated Genesis mainnet.
The launch, in accordance with an announcement shared by the Plume group, marks the “subsequent era” of asset-backed DeFi — tokenizing conventional monetary devices, or real-world belongings (RWA), to allow them to work together with blockchain-based monetary instruments.
RWAs have taken over the world of blockchain, as they’re seen as a market that could possibly be price trillions of {dollars} with conventional monetary establishments steadily dipping into crypto.
On the time of launch, Plume shared that it has already built-in with monetary titans like Blackstone and Invesco, with over $150 million in utilized RWAs, in addition to integrations with DeFi mainstays like Curve and Morpho.
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“By means of Plume, RWA tokens behave identical to crypto-native tokens, enabling customers to seamlessly combine high-yielding real-world belongings throughout acquainted DeFi primitives like lending, liquidity provision, yield farming, and leveraged positions,” the group shared.
Plume introduced in December that it had raised $20 million in a Collection A fundraising spherical and onboarded $4 billion into its ecosystem.
Within the coming months, the Plume group plans to introduce newer asset lessons and RWAfi use-cases, together with tokenized artwork, valuable metals, uranium, and buying and selling playing cards.
Learn extra: RWA-Centered Community Plume Raises $20M from Brevan Howard and Others Forward of Mainnet Launch
