The Plume Network, the first Layer 1 blockchain built exclusively for Real-World Asset Finance (RWAfi), is gearing up for its mainnet launch with a series of impactful initiatives.
Among these, Plume has integrated Ondo Finance, a leading RWA project, into its ecosystem. This partnership allows Plume to connect with Ondo’s tokenized U.S. debt product, USDY, marking a significant collaboration between two major players in the RWAfi space.
$25 Million RWAfi Ecosystem Fund
To foster innovation in the RWA sector, Plume has joined forces with Mechanism, Galaxy, and other prominent venture capital firms to establish a $25 million RWAfi Ecosystem Fund. This fund is aimed at supporting early-stage RWA projects, helping to accelerate their growth and integration into the Plume ecosystem. With over 180 RWA protocols already onboard, the additional financial backing is expected to attract even more projects, solidifying Plume’s position as the go-to platform for RWAfi.
Strong TVL Growth Before Mainnet Launch
Plume’s staking protocol, Nest, has already drawn significant interest, amassing $28.6 million in funding deposits through a pre-deposit campaign. Combined with the $36 million raised through a previous pre-deposit campaign on StakeStone, Plume’s total value locked (TVL) has reached an impressive $64 million ahead of the mainnet launch.
RWAfi 专属 L1 公链 @plumenetwork 的主网快上线了，最近的动作也是相当的多👇
1⃣将目前的头部 RWA 项目 @OndoFinance 引进了 Plume 生态，接入 Ondo 的代币化美债产品 USDY。
Plume 是第一个、同时也是目前唯一一个专为 RWAfi 构建的 L1，而 Ondo 是 [总统严选] 的 RWA… https://t.co/OFvi4wgWWP— 余烬 (@EmberCN) January 4, 2025
Building an RWAfi Aggregation Ecosystem
Plume’s recent initiatives are focused on creating a robust ecosystem that attracts RWA projects, users, and funds. By fostering collaborations and financial support, Plume aims to establish itself as a central hub for RWAfi, ensuring a strong foundation for long-term growth and adoption in the blockchain space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: wirestock/123RF // Image Effects by Colorcinch
