Plume Launches Genesis Mainnet for Tokenizing Real-World Assets in DeFi
Plume has launched its Genesis mainnet, aimed at tokenizing real-world assets (RWA) for integration with blockchain financial tools. Key details include:
- RWAs are projected to become a multi-trillion dollar market as traditional finance engages with crypto.
- Plume has partnered with Blackstone and Invesco, utilizing over $150 million in RWAs.
- Integrations with DeFi platforms like Curve and Morpho are established.
- RWA tokens function similarly to crypto-native tokens, facilitating activities such as lending, liquidity provision, and yield farming.
- Plume raised $20 million in a Series A round and onboarded $4 billion into its ecosystem.
- Future plans include introducing tokenized art, precious metals, uranium, and trading cards.