Plume Network, supported by Galaxy Ventures, has launched its public mainnet, Plume Genesis. The platform is the first full-stack blockchain and ecosystem built specifically for real-world asset finance (RWAfi). Unlike earlier initiatives that focused mainly on tokenizing assets, Plume Genesis offers infrastructure designed to integrate RWAs into DeFi applications.
At launch, Plume Genesis includes on-chain institutional-grade RWAs from firms such as Superstate, Blackstone, and Invesco. The network supports over $150 million in real-world asset capital and hosts more than 200 announced projects. It also provides access to liquidity across different asset classes. The ecosystem features a mix of RWAfi-native and established DeFi applications, including Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic.
Plume aims to make RWA tokens function similarly to native crypto tokens within DeFi systems. This allows users to access traditional asset classes while using tools such as lending, yield farming, and leveraged trading. The platform targets onboarding more than $4 billion in assets over time.
One key feature is Nest, Plume’s in-house RWAfi protocol. Nest offers institutional-grade vaults where users can stake stablecoins to gain exposure to RWAs. In return, they receive yield-bearing RWA tokens, which can be used as collateral in DeFi applications to access further capital and strategies.
Plume is also working with regulators and policymakers in the U.S., Europe, the UAE, and Asia to help shape crypto and capital market frameworks. This includes discussions with U.S. lawmakers, the Treasury Department, and the SEC, as well as officials in Hong Kong and Europe.
In future updates, Plume plans to expand the types of tokenized RWAs available on the platform. These may include non-traditional categories such as fine art, precious metals, vehicles, uranium, and trading cards, broadening the potential applications of RWAfi.
Image: Plume
Read the full article here
