Plume Network and Ondo Finance Form Strategic Partnership for RWAfi Expansion
Plume Network and Ondo Finance have announced a strategic partnership to enhance real-world asset finance (RWAfi) through blockchain technology. This collaboration will integrate Ondo's USDY, a tokenized US Treasury product managing over $450 million in assets, into Plume's ecosystem, providing global investors access to Treasury-backed yields at 4.65% APY.
Expanding Opportunities with USDY Integration
Plume is a modular layer-1 blockchain designed for RWAfi, offering tools for asset tokenization and connections with capital and compliance providers. With over 180 projects underway, it provides a secure platform for RWAfi initiatives.
Chris Yin, CEO of Plume, stated that the integration with Ondo will expand the platform and provide investors with more options for diversifying across RWAs:
“Our mission at Plume is to construct a composable financial ecosystem that enables seamless trading of real world assets. Integrating Ondo allows us to offer investors a comprehensive platform for investment diversification across various RWAs, further accelerating the development process for RWAfi-focused entities.”
Strengthening RWAfi Ecosystem with Expert Teams and Blockchain Solutions
Ondo Finance aims to combine blockchain technology with traditional finance practices to provide universal access to high-quality financial solutions, including investor protections and compliance. The partnership will enhance USDY’s role in the RWA ecosystem by offering a yield-bearing asset and new opportunities for users and issuers.
Katie Wheeler, VP of Partnerships at Ondo, expressed enthusiasm about the integration of their US Treasury products into the Plume ecosystem, noting that it creates a network of opportunities for issuing RWAs:
“We are excited to integrate our US Treasuries products into the Plume ecosystem, given the clear success of RWAfi being shepherded by the Plume Network. Having a composable, yield-bearing asset to power this economy enhances both asset utility and the overall ecosystem.”
Both Ondo Finance and Plume Network feature teams with professionals experienced at institutions such as J.P. Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This expertise provides the partnership with strategic insight and technical skills necessary to address the demands of the RWAfi ecosystem.
This collaboration reflects a commitment to making institutional-grade financial products more accessible by combining Ondo's decentralized finance expertise with Plume's innovative blockchain solutions.