Coin overview
PLUME
In progress0.2600+1,200%
Last price (USDT)
181.60K
24h total (USDT)
181.60K
Total vol (USDT)
2025-01-17 13:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Plume is the first RWAfi L1 EVM network focused on crypto natives. We build infrastructure to make it easy to connect the real world and the crypto markets. We go against the traditional view of RWAs by changing its definition – it’s not just TradFi onchain but instead building net new crypto-first RWA use cases to the market including things like RWA derivatives/speculation, borrow/lend, yield farming, and more.
Bitget pre-market trading: Plume (PLUME) is set to launch soon
We're thrilled to announce that Bitget will launch Plume (PLUME) in pre-market trading. Users can trade PLUME in advance, before it becomes available for spot trading. Details are as follows: Start time: 17 January, 2025, 13:00 (UTC) End time: TBD Spot Trading time: TBD Delivery Start time: TBD Delivery End time: TBD Pre-market trading link: PLUME/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last ten minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction Plume is the first RWAfi L1 EVM network focused on crypto natives. We build infrastructure to make it easy to connect the real world and the crypto markets. We go against the traditional view of RWAs by changing its definition – it’s not just TradFi onchain but instead building net new crypto-first RWA use cases to the market including things like RWA derivatives/speculation, borrow/lend, yield farming, and more. PLUME Total supply: 10,000,000,000 Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! 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Plume Network: Bringing the Real World into the Crypto Space
Original Source Key Points · Real World Assets (RWAs) with a market cap exceeding $100 trillion, such as commodities, bonds, and stocks, represent the huge growth potential of the next phase in the crypto space. Institutional asset managers like BlackRock, Franklin Templeton, KKR, and Hamilton Lane are issuing tokenized RWA funds to tap into this massive market. · As a full-stack L1 blockchain, Plume's dedicated RWA chain focuses on bringing RWAs into the on-chain RWAfi ecosystem. The platform simplifies the tokenization, liquidity management, and listing process of RWA projects by integrating core functions such as custody services and KYC/KYB verification into a single solution. The vision of Plume's RWAfi goes far beyond simple tokenization. · By building a comprehensive on-chain ecosystem and RWA community, Plume has provided new use cases ranging from traditional assets to GPU price indices and economic indicators, blurring the boundaries between the real world and the crypto world. · Over 180 teams are now building on the thriving Plume ecosystem, including specialized lending protocols, perpetual contracts, real estate, and even hotel booking services. This diverse range of applications showcases how the platform is transforming our interaction with RWAs, presenting them as practical products and useful services. 1. Background - Emergence of the Onchain RWA Market 1.1 Potential of RWAs in the Crypto Market Real World Assets (RWAs) represent the next major opportunity for cryptocurrency, and for good reason: their market size is staggering. While the entire cryptocurrency market is currently valued at 3-4 trillion dollars, individual markets like commodities, bonds, and stocks each control over $100 trillion. Such a massive scale suggests the transformative potential of bringing RWAs onto the blockchain. In the crypto ecosystem, the tokenized RWA market has been steadily growing and has become one of the industry's greatest success stories. Stablecoins are a leading example of RWAs, processing a whopping $10 trillion in on-chain transactions in 2023. Tether is one of the largest issuers, having minted over $130 billion in stablecoins in the first half of 2024 alone, generating $5.2 billion in profit. In the on-chain protocol space, MakerDAO has generated over $27 billion in revenue in the past 12 months, representing 40% of all DeFi protocol revenue on Ethereum. Meanwhile, protocols like Ondo, Ethena, and Frax are accelerating the on-chain transition of traditional assets. However, despite achieving these remarkable milestones, we have only scratched the surface of the massive potential of RWA. Source: rwa.xyz The trend of tokenization has become an undeniable fact. Coinbase's analysis shows that in the first quarter of 2024, Fortune 100 companies launching on-chain initiatives saw a 39% year-over-year growth. While stablecoins remain a major driver of tokenization growth, interest in tokenizing off-chain assets such as U.S. Treasuries has grown rapidly. Since early 2023, the TVL of tokenized assets (excluding stablecoins) has more than doubled, reaching $30 billion—an evident indication of the market's trajectory. Source: The Fortune 500 Moving Onchain As technology matures and its advantages become increasingly evident, the momentum behind tokenization seems unstoppable. The next-generation financial systems being built today will seamlessly incorporate key features of tokenized assets: 24/7 availability, global instant settlement, broader market access, seamless interoperability through shared technology, and customizable transparency. These advantages provide financial institutions with enhanced operational efficiency, increased liquidity, and the foundation to create new revenue opportunities through innovative applications. 1.2 Intensifying Competition in the Tokenization Market We have already seen the industry shift towards tokenization. Traditional financial giants like BlackRock, WisdomTree, and Franklin Templeton are increasing their deposits in on-chain tokenized funds, while Web3-native projects like Ondo, Superstate, and Maple Finance are accelerating the adoption of tokenized money market funds. In a recent interview, BlackRock's CEO Larry Fink emphasized this trend, stating: "We believe the tokenization of financial assets is the direction of the next stage of evolution. Every stock, every bond will exist on a universal blockchain." Source: Tokenization: The Future of Commodities Mainstream protocols have not overlooked this opportunity either. Both large and small protocols are vying for a share of this massive market: · The largest stablecoin issuer USDT, Tether, is entering the broader asset tokenization space through its "Hadron" platform. The platform offers comprehensive services for token issuance and management, including KYC/AML, risk management, and secondary market monitoring. It particularly focuses on helping nations and enterprises leverage alternative financing opportunities. · Ripple has announced the launch of the first tokenized money market fund on the XRP Ledger (XRPL). In partnership with the UK's Archax and Abrdn, the project aims to tokenize a portion of a £3.8 billion liquidity fund and plans to bring real-world assets of more asset managers onto the XRPL. · Aptos is building "Aptos Ascend," an institutional-grade digital asset management platform. The platform, built on Microsoft Azure technology, combines SK Telecom's Web3 wallet infrastructure and Brevan Howard's financial market expertise. Its core mission is to help institutions efficiently manage digital assets, expand tokenized asset liquidity globally, and maintain compliance. 2. Plume Enables RWAfi 2.1 Plume Network: A Blockchain Built for RWAs The Plume Network is a full-stack architecture and ecosystem designed specifically for the integration and use of on-chain RWAs. Its notable feature is the native integration of tokenization processes and compliance mechanisms into the blockchain architecture, allowing RWA holders and institutional investors to leverage the advantages of on-chain systems without needing extensive technical knowledge or complex infrastructure development. This L1 RWA chain design is able to withstand attacks that general-purpose blockchains cannot handle, especially when billions of dollars in RWA assets are on-chain. By introducing a new security model called Proof-of-Representation, the tokenized RWAs themselves become part of the blockchain security model, directly tying their security to asset value. Source: Relevance of onchain asset tokenization in「crypto winter」 The current on-chain RWA market faces a classic bootstrap problem. Market participants are caught in a stalemate: liquidity providers hesitate without strong asset options, and asset providers are unwilling to tokenize without guaranteed market depth. This self-reinforcing cycle presents a significant hurdle to market growth. Plume breaks this challenge by breaking down the tokenization process into manageable components and providing an integrated management solution, allowing RWA projects to effectively enter the market and explore different approaches. The process of bringing real-world assets (RWA) on-chain still faces multiple barriers. Service providers need to address regulatory uncertainty, the complexity of access control management, technical implementation challenges, custody issues, licensing requirements across different jurisdictions, and market fragmentation. For example, real estate tokenization platform RealtyX reported that “in the three-year service construction process, two years were spent establishing on-chain service providers and workflows.” This complex service provision process results in lengthy project implementation, thereby limiting the potential of the RWA market. Source: Plume To address these challenges, Plume has integrated over 50 different functionalities into a unified platform specifically designed for RWA tokenization. These functionalities combine the basic legal and managerial functions required for on-chain RWA tokenization, including custody services, on/off-chain channels, and KYC/KYB compliance systems. Plume has not implemented a fixed or prescriptive framework but offers these functionalities as configurable modules, allowing projects to choose and implement only the features they need. These functionalities are integrated to work closely to facilitate efficient data flow throughout the system. Plume Arc is the core of the network, serving as a comprehensive infrastructure solution for service providers looking to onboard Real World Assets (RWA) onto the blockchain. Through a streamlined tokenization process, Plume Arc significantly reduces the time and resources required for asset issuance. Service providers can leverage the compliance tools and asset management features provided by the Plume Network to greatly reduce technical complexity and legal uncertainty, allowing them to focus more on RWA-based service operations. Plume's architecture lowers the barriers to entry that have hindered the adoption of RWAs on-chain. By handling the underlying infrastructure needs for projects, Plume enables teams to focus on core business development, helping the RWA market attract more high-quality liquidity providers and asset suppliers, driving market growth and expansion. 2.2 RWAfi: Blurring the Line Between Reality and On-chain Source: 3DCenter.org RWA is seen as a potential driver of growth in the next stage of the on-chain economy. By bringing off-chain assets into the blockchain system, the range of asset types that can participate in the crypto ecosystem has been greatly expanded. This not only adds new asset types but more importantly establishes a direct connection to the real world, bringing simultaneous expansion of market value and user base. Take the tokenization of the GPU market, for example. The volatility of GPU prices is often closely related to demand for AI model training and Bitcoin mining. Traditionally, investors could only indirectly participate in the GPU market by buying stocks such as NVIDIA or Bitcoin. In Plume's RWA market, the GPU price index can be directly put on-chain, allowing traders to directly invest or hedge against GPU price movements. The concept of tokenization is not limited to tangible assets; Plume has also introduced abstract economic indicators into the investment field. Users can invest or hedge against macroeconomic indicators through Plume's platform—from national and city economic growth rates to unemployment data and even indicators related to climate change. This framework breaks down the traditional barriers between conventional finance, the crypto market, and real-world economic activities, providing a brand-new market structure and economic interaction model. Source: DeFi's Permissionless Composability is Supercharging Innovation Most RWA projects primarily focus on the fundamental task of registering off-chain assets in a blockchain system. Plume goes a step further by introducing the concept of RWAfi—an on-chain ecosystem built around RWAs. The true advantage of an on-chain ecosystem lies in its composability and permissionless nature. The growth of DeFi is not driven by the success of a single protocol but by multiple protocols interconnected to create a larger ecosystem. The same principle applies to RWAs—their true potential comes not only from registering assets on-chain but from creating an ecosystem where these assets can be traded, generate returns, act as loan collateral, and interact with various protocols. For example, tokenized real estate can be used as loan collateral, and investors can also build a globalized investment portfolio through a protocol. Plume's vision is to drive the realization of this innovative model through RWAfi. Source: Plume Network Plume maintains a diverse ecosystem, offering various services to unleash the potential of RWAfi. Users can earn rewards through multiple channels, including earning a 20% stablecoin and token yield through actual farm staking or trading on-chain sports cards and Pokémon cards, or even engaging in leveraged investments in Jordan sneakers or political events. The Plume ecosystem currently hosts over 180 projects from various sectors, including RWA-specific lending protocols, RWA-specific perpetual futures DEX, real estate and stock tokenization protocols, collectibles markets, and consumer applications such as hotel booking services. The Plume ecosystem is not just about bringing traditional financial assets on-chain but also creating entirely new market opportunities for assets that were once illiquid or hard to access.
From RWA to RWAfi, will Plume be the Alpha Key to capturing the trillion-dollar epic narrative?
Source: Plume Network From a data perspective, the RWA narrative is definitely the clearest Alpha direction for the next 10 years in the "Blockchain+" space. According to the RWA research platform rwa.xyz, the current total market size of RWA exceeds $15 billion. Fidelity predicts this number will double to $30 billion by 2025, while BlackRock's outlook is even more optimistic, estimating that the market value of tokenized assets will reach $100 trillion by the 2030s. In other words, in the next 7 years, the potential growth space of the RWA narrative could be as high as 700 times or more! However, behind this lies a core question: who will truly capture the incremental value of this epic narrative? Source: rwa.xyz This should also be the billion-dollar question for the entire RWA track going forward, and the answer may be hidden in the infrastructure surrounding the RWAfi public chain. RWAfi, the Historic Shuttle of RWA Essentially, moving real-world assets (RWA) to the blockchain has only completed the first step of tokenization, far from enough to unleash its true potential—to further realize on-chain value, more efficient technological infrastructure, open infrastructure toolsets, and a complete ecosystem synergy are needed. In simple terms, the on-chainization of RWAs not only requires technological breakthroughs but also needs a full set of service frameworks around the entire life cycle of RWA assets, especially to securely and inclusively introduce RWA assets into diverse on-chain DeFi scenarios, transforming the stock dividend of traditional assets into on-chain incremental value. This is also the essence of RWAfi. Under the tokenization framework, RWA not only significantly enhances its own liquidity but can also earn DeFi returns through operations such as borrowing and staking, bringing real-yield asset support to DeFi and strengthening the foundation of the Crypto market's value. Vitalik Buterin once proposed an interesting analogy, stating that each blockchain network has a unique "soul." For example, some networks deeply focus on a specific DeFi scenario, some concentrate on the NFT and DAO ecosystem, while others are dedicated to incubating ZK applications, and so on. However, when we turn our attention to the RWA ecosystem, we find a fascinating reality: despite the popularity of RWAs, there are very few RWAfi public blockchains specifically designed to handle real-world asset management and on-chain circulation—even Ethereum, Avalanche, and other platforms with a strong RWA focus were not originally designed to support the trillions of dollars in real-world assets. The reason is simple: RWAfi's core mission is to enable real-world assets to freely circulate on the blockchain. Therefore, compared to DeFi and other on-chain applications, it not only has to deal with the complexity of traditional on-chain applications but faces a more significant challenge of making RWAs truly "active" on-chain: · On one hand, bringing real-world asset ownership "on-chain" involves a complex asset tokenization process and multi-party collaboration, requiring solutions for security compliance, liquidity, cross-chain interoperability, and a developer-friendly technical environment to achieve efficient on-chain asset liquidity and transparency; · On the other hand, mere tokenization is not sufficient after being "on-chain"; there is still a need for "empowerment," meaning that the true value of RWA lies in how to build a transparent, efficient, and liquid on-chain financial market through blockchain technology, which requires subsequent deep integration with DeFi protocols, revenue distribution, risk management, providing RWA with liquidity, composability, and interoperability similar to crypto assets; Using real estate as an example, once tokenized and on-chain, it ceases to be a "static" asset in the traditional sense and can participate in various DeFi scenarios. For instance, it can transparently distribute rental income through smart contracts or be used as collateral for on-chain financing. This "empowerment" brings higher technical and ecological requirements, breaking the inherent limitations of RWAs as real-world assets and injecting them with a higher level of composability and application potential. Therefore, perhaps many people have not realized that RWAfi is not just a technical solution; fundamentally, it has also created a new asset class with native real-world revenue attributes—by introducing real-world assets, capital, and cash flow, it injects the blockchain ecosystem with native "real revenue attributes." In this context, although many blockchain networks have begun to explore the RWA field, most of them have only scratched the surface, lacking end-to-end technical support and ecosystem layout. After all, RWAfi's success lies not only in its completion of asset tokenization, but also in its ability to provide a full range of solutions from development to operation: Developers and users alike need a more user-friendly development environment, a more efficient and scalable infrastructure, and a more secure and compliant underlying environment. Therefore, the core requirement for the future multi-billion or even multi-trillion dollar RWA incremental market is obvious—a dedicated RWA public chain. It can meet the diverse needs of institutional users and crypto-native users alike. In this vision, the RWAfi public chain is not only empowering RWA assets but is more likely to become the core capturer of incremental value in the RWA ecosystem. By becoming a hub for liquidity and value settlement, all DeFi operations revolving around RWA tokenized assets (such as farming and collateral interaction) can aggregate value through the RWAfi public chain, further driving the incremental expansion of the RWA track. In short, a dedicated L1 public chain for RWA is just a means, not an end—the players who can truly capture the incremental value of the RWA track will most likely be solution providers that can seamlessly and efficiently run the end-to-end RWA process from on-chain infrastructure to ecosystem empowerment. Therefore, from this perspective, the golden age of RWA-specific chains has already arrived. An Analysis of the "All-in-One RWA Dedicated Chain" from Plume For RWAfi, there is another natural advantage: No matter which track or product ultimately emerges under the RWA narrative, as long as the overall market size continues to grow, a RWAfi public chain platform that directly provides the most foundational support in infrastructure form can tap into a future market worth hundreds of billions or even trillions of dollars and capture the incremental value behind it. After all, RWA has gradually become a key driver of on-chain digital asset increment, allowing Web3 to effectively tap into the massive asset pools of traditional markets—such as the global bond market ($133 trillion) and the gold market ($13.5 trillion). It is worth noting that since Compound sparked the DeFi summer in 2020, the total on-chain digital asset volume has seen significant growth. Despite a substantial pullback from the $180 billion in November 2021, as of January 13, 2025, the on-chain TVL still stands at a staggering $113.5 billion. Source: DeFiLlama However, compared to the trillions of dollars in tokenizable RWAs (bonds, gold, stocks, real estate, etc.), this volume is still relatively insignificant. Therefore, RWA tokenization will undoubtedly bring a new incremental force to the on-chain world, opening up unprecedented market space for expansion. However, there are very few Layer 1 blockchains positioned around RWAfi. Recently, Plume, which just completed a $20 million financing round, is almost the sole strictly defined RWAfi blockchain, making it a benchmark event in the RWAfi field so far. Plume's notable feature lies in its modular design. Through an all-in-one solution, it systematically addresses RWA tokenization, compliance, liquidity, and interoperability issues, providing developers and institutions with a comprehensive solution covering the entire lifecycle of RWA tokenization. This systematic approach is worth paying attention to. After all, for a blockchain, how "high-tech" the technology is is not as important as whether it can attract developers and users to choose and stay, which is the core competitive advantage. This is especially true for products like RWA, which involve high complexity both on-chain and off-chain. If a blockchain only provides fragmented services in one link, developers and institutional users will not be interested. Plume's advantage lies in its integration of multiple modular key tools, providing developers with a complete on-chain solution for RWA asset tokenization. This toolset not only lowers the technical barriers but also directly incorporates compliance vendors into the platform's upstream supply chain through a "compliance-as-a-service" model, ensuring that tokenized assets meet regulatory requirements from the source: · Arc - Tokenization Engine: Arc simplifies the tokenization process by integrating compliance workflows and reducing barriers for asset issuers, providing an effective path to bring RWAs onto the blockchain; · Passport - Smart Wallet: Passport allows users to store contract code directly in their externally owned account (EOA), enabling RWAfi composability, yield farming, and advanced account abstraction features; · Nexus - Data Highway: Nexus securely integrates real-world data into the blockchain using cutting-edge technologies such as zkTLS, enhancing on-chain asset security and transparency while unlocking new opportunity scenarios; Through these modular tools, Plume not only empowers developers but also significantly lowers the barrier for traditional financial institutions to enter Web3. Developers can reduce technical barriers through modular tools to rapidly deploy complex RWA solutions; the "Compliance-as-a-Service" model can also help traditional institutions address compliance pain points while providing efficient technical support. This means that giants from Web2 such as UBS and Blackstone looking to enter Web3 can directly embed RWA tokenization services provided by Plume into existing products through a one-stop RWA asset tokenization service, enabling rapid product iteration and market expansion. This not only allows institutions to easily tokenize assets and introduce them to the blockchain ecosystem but also retains the seamless user experience of Web2, empowering users with asset ownership and Web3 attributes. Taking a more macro perspective, in the previous Web2 world where private traffic was king, whoever could enclose and aggregate enough private traffic could maximize their profits. This led to the situation in Web2 where fat applications and thin protocols were formed, with super apps like WeChat, Alipay, and Meituan becoming increasingly massive, locking in users through closed ecosystems. In Web3, there has been a clear reversal in product logic — underlying components or middleware-form products are becoming increasingly popular. They can be inserted as "building blocks" or used as fundamental infrastructure to maximize aggregated profits. Plume's modular infrastructure perfectly fits this Web3 product logic. It provides traditional financial institutions and Web2 giants with lightweight RWA integration tools, enabling them to quickly achieve Web3 transformation. The attractiveness of Plume lies in this aspect. For the RWAfi track, the future competition is not just a showdown of technical abilities, but whether it can design an efficient and user-friendly ecosystem support system around developers and users. This model of connecting on-chain innovation with off-chain assets will become the true watershed for the development of the RWA track. The RWAfi Roadmap: The Bi-Directional Link Between Institutions and DeFi "Circle" For Web3, "incrementality" is an eternal theme—whether it is the injection of incremental funds or the expansion of incremental users. The core charm of RWAfi lies precisely in its innate "bi-directional connection" attribute: on one hand, linking Web3 newcomers and veterans, and on the other hand, connecting with the massive traditional financial asset base. This not only provides new asset categories and revenue opportunities for crypto-native users but also opens up a path for traditional financial giants to deeply integrate with the on-chain DeFi world, thereby achieving a synergistic effect of "1+1>2." Using Plume as an example, it has currently built a "two-pronged" ecosystem network with institutional partners at its core and DeFi partners for extension: · Institutional Partners: Responsible for providing compliance, trust foundations, and high-quality assets, they are the trusted core of its RWAfi ecosystem; · DeFi Partners: Provide flexible, high-yield asset participation for on-chain users, further enhancing RWA's liquidity and composability; Upon closer inspection, you will find that Plume's institutional circle mainly focuses on traditional asset tokenization, compliance, and asset management. Through Plume's on-chain infrastructure, RWA gains higher liquidity and transparency, paving the way for deep integration between traditional financial giants and RWAfi. For example: · Anchorage Digital Bank: Provides compliant custody services for Plume's on-chain assets, allowing institutional clients direct access to on-chain RWA returns; · DeFiMaseer: An institutional partner focusing on carbon market tokenization, bringing $200 million in carbon emissions quotas onto the chain, optimizing regulatory market efficiency and accessibility; · DigiFT + UBS: Collaborated to launch uMint, driving the tokenization process of on-chain financial assets; · Dinari Global + Blackstone Group: Bringing Blackstone's ETF onto the blockchain to provide higher liquidity for institutional assets; · Elixir + Blackstone Group: Supporting Elixir in building more asset circulation infrastructure on the blockchain; · NestCredit + MountainUSDM + m0 Foundation + Anemoy Capital/Centrifuge: Building a multi-stakeholder network to drive the sustainable development of diversified on-chain assets; · Pistachiofi: Introducing on-chain Real Yield services to the Latin America (LATAM) and Asia-Pacific (APAC) regions to expand regional market coverage; · Busha: Providing on-chain Real Yield for the African market to broaden the global financial services boundaries; · Cultured RWA: Exploring the on-chain potential of the RWA speculative ecosystem; · Google Cloud: Utilizing AI to provide RWA pricing services, making on-chain asset pricing more intelligent and efficient; DeFi protocols that have deep integration or partnerships with Plume mainly transform the stock dividends of traditional assets into on-chain incremental value, such as providing diversified participation opportunities for on-chain users through liquidity support, yield optimization, and new scenario exploration: · Ondo finance: The flagship protocol for tokenizing US Treasury bonds (USDY), injecting trusted asset liquidity into Plume's RWA ecosystem; · Anzen finance: Supporting on-chain stable asset innovation for USDz, optimizing the tokenization experience of USD-denominated assets; · Royco (Berachain): Providing a transparent income liquidity market designed for DApp development and expanding into the RWAfi ecosystem through collaboration with Plume; · Bouncebit: As a partner of the CeDeFi portal, it helps users access trusted institutional-grade yield products through its platform, strengthening RWAfi's influence in the CeDeFi field; · Midas: Focused on high-yield, institutional-grade assets in DeFi projects, providing Plume users with more on-chain yield options; · PinLink: A DeFi infrastructure provider, collaborating with Plume to introduce fragmented DePIN assets and yield opportunities, enhancing ecosystem liquidity; · Avalon finance: Plume's BTCfi liquidity layer partner, focusing on BTC lending and circulation in the RWAfi environment, further expanding the use cases of on-chain assets; Objectively speaking, the Plume team has a background that inherently combines "technology + market" genes — members include both DeFi players from Web3 giants like Coinbase, BNB Chain, Galaxy Digital, and seasoned professionals from traditional finance and tech industries like Robinhood, J.P. Morgan, Google. This enables them to effectively address the complex needs of the traditional financial market, leveraging the unique advantages of blockchain technology to build modular, compliance-friendly infrastructure. Overall, Plume has now built a vast ecosystem that includes both Web3 newcomers and veterans (covering both on-chain and token domains) and traditional financial giants (covering off-chain and RWA categories), accumulating over 180 applications and protocols. The testnet has attracted over 3.75 million users and generated billions of transactions, showing remarkable results. The collaborative network driven by a dual-wheel model has also formed an ecosystem layout jointly promoted by Web3 newcomers (on-chain, DeFi protocols) and traditional financial giants (off-chain, RWA), with Plume playing an indispensable role as infrastructure between the two. With the continuous development of the RWAfi ecosystem, Plume is expected to become an essential part of this demand. This further strengthens Plume's unique positioning as a "dedicated RWAfi end-to-end infrastructure," directly capturing the core value generated by RWA assets in tokenization, liquidity integration, and on-chain operations — from asset minting to deep integration into the DeFi scene. It can provide complete technical and ecosystem support, truly achieving a seamless conversion of traditional asset value to on-chain increment. From this perspective, this “full-lifecycle empowerment” is precisely the unique competitiveness of a Plume-like RWAfi dedicated chain. RWAfi public chains not only serve institutions and developers but also directly target all RWA users, capturing end-user participation value, thus sharing the dividend of the entire RWA ecosystem's scale growth and becoming the core engine driving the expansion of a trillion-dollar market. Interestingly, as a track closely related to regulation, Plume actually has an easily overlooked potential policy advantage: Plume's investor Katie Haun, who has served as a former assistant U.S. attorney, digital asset coordinator, former a16z partner, and joined the Coinbase board, can be said to be one of the few with a profound understanding of the far-reaching impact of U.S. regulation on the blockchain industry. This also means that her investment background makes Plume closer to the center of regulatory policy, an undoubtedly positive signal for Plume — as the U.S. regulatory framework gradually matures, especially after a series of crypto-friendly individuals from the Trump administration took office on January 20, Plume is expected to be the RWAfi project closest to the "core of U.S. regulation," thus directly benefiting from the greatest policy support and market dividend. Conclusion Great winds start from small ripples, and the logic of the market has always been subtle and indirect, with all narrative value discoveries having their inherent development logic. It can be said that RWAfi is one of the few narrative directions that can bridge the gap between on-chain and off-chain realities. Its potential comes both from the innovativeness of Web3 and the stockpile dividend of traditional financial giants. The value of RWAfi public chains goes without saying — as the infrastructure that can truly elevate RWA tokenization to the “RWA asset internet,” it has provided a viable answer for the billion-dollar growth of the RWA narrative. As for top players like Plume, who have a dual focus on on-chain (DeFi) and off-chain (traditional financial institutions), whether they can excel in the future depends on their ability to continue to attract developers, build a solid ecosystem, and truly prosper the fusion of on-chain and off-chain RWA. After all, in an uncontested blue ocean, the opportunity is just beginning, and everything is an unknown. This article is a contribution and does not represent the views of BlockBeats.
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