Plume Network Partners with Backed to Tokenize Major Equities on-Chain

Plume Network has partnered with Backed to introduce fully-backed security tokens representing major equities like Tesla and Nvidia on-chain. This collaboration aims to improve financial accessibility through compliant and interoperable solutions.

Backed issues bTokens, digital tokens that represent real-world equities, giving holders legal ownership verified by blockchain technology.
These tokenized equities will be integrated into Plume's RWAfi ecosystem for use as collateral in lending markets and liquidity provision in decentralized exchanges.
The partnership enhances access to traditional financial assets on-chain, allowing broader audiences to use tools typically available to hedge funds and banks.

Strategic Enhancements

Prior to this, Plume announced a collaboration with Spicenet and Symbiotic aiming to transform tokenized real-world assets (RWAs) from passive holdings into active network security. This integration combines lending and staking, increasing yields and utility of tokenized assets.

Backed’s Tokenization Initiatives

Backed has also partnered with 0xSonicLabs and Fortlake Asset Management to tokenize the Sigma Opportunities Fund, introducing digital tokens with permissionless DeFi features through Chainlink’s infrastructure. Additionally, Backed partnered with Assetera to offer regulated tokenized trading to non-US retail investors, expanding access to blockchain-based financial instruments.