YZi Labs and Plume Unveil $150M Genesis Mainnet

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). Not like earlier initiatives that targeted primarily on tokenizing belongings, Plume Genesis affords infrastructure designed to combine RWAs into DeFi purposes.

At launch, Plume Genesis contains on-chain institutional-grade RWAs from corporations reminiscent of Superstate, Blackstone, and Invesco. The community helps over $150 million in real-world asset capital and hosts greater than 200 introduced tasks. It additionally supplies entry to liquidity throughout completely different asset courses. The ecosystem options a mixture of RWAfi-native and established DeFi purposes, together with Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic.

Plume goals to make RWA tokens operate equally to native crypto tokens inside DeFi techniques. This permits customers to entry conventional asset courses whereas utilizing instruments reminiscent of lending, yield farming, and leveraged buying and selling. The platform targets onboarding greater than $4 billion in belongings 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 realize publicity to RWAs. In return, they obtain yield-bearing RWA tokens, which can be utilized as collateral in DeFi purposes to entry additional capital and techniques.

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 varieties of tokenized RWAs out there on the platform. These could embrace non-traditional classes reminiscent of nice artwork, valuable metals, autos, uranium, and buying and selling playing cards, broadening the potential purposes of RWAfi.

Picture: Plume