The strategic partnership between Plume and Ondo aims to expand RWAfi adoption, bringing tokenized US Treasury products with 4.65% APY to global investors.
Plume Network and Ondo Finance have announced a strategic partnership to expand real-world asset finance (RWAfi) through blockchain technology. The collaboration will integrate Ondo’s USDY, a tokenized US Treasury product managing over $450 million in assets, into Plume’s blockchain ecosystem, offering global investors access to Treasury-backed yields currently at 4.65% APY.
Expanding Opportunities with USDY Integration
Plume, the first fully integrated and modular layer-1 blockchain designed for RWAfi, has established itself as a leader in the field. It offers blockchain tools for tokenizing assets and connecting with capital and compliance providers. With over 180 projects in development, Plume provides a secure and efficient platform for those focused on RWAfi.
Chris Yin, CEO of Plume, stated that the company’s goal is to build a financial ecosystem that simplifies the trading of real-world assets. He explained that integrating Ondo will further expand the platform while giving investors more options to diversify across RWAs and accelerating progress for RWAfi-focused entities:
“Our mission at Plume is to construct a composable financial ecosystem that enables seamless trading of real world assets. Integrating Ondo into our ecosystem 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 provide universal access to high-quality financial solutions by combining blockchain technology with traditional finance practices, including investor protections and compliance. The collaboration will expand USDY’s role in the RWA ecosystem, offering a yield-bearing asset and new opportunities for users and issuers.
Katie Wheeler, VP of Partnerships at Ondo, expressed excitement about integrating their US Treasury products into the Plume ecosystem. She noted that Plume is building a network of opportunities for issuing RWAs, adding that introducing a composable, yield-generating asset like USDY will enhance asset utility and benefit the overall ecosystem. Katie stated:
“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. Plume is creating a network effect of opportunities for RWA issuance, and having a composable, yield-bearing asset to power this economy is a boon for both the asset utility and the ecosystem as a whole.”
Both Ondo Finance and Plume Network have teams comprising professionals with years of experience at top institutions like J.P. Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This expertise provides the partnership with the strategic insight and technical skills needed to meet the growing demands of the RWAfi ecosystem.
This collaboration reflects a shared commitment to making institutional-grade financial products more accessible, combining Ondo’s expertise in decentralized finance with Plume’s innovative blockchain solutions.
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