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Real-world assets (RWAs) are a relatively new area within the blockchain industry. The niche of RWAs has seen some serious growth over the past two years, driven by the expectations of leveraging these assets to connect the worlds of traditional finance (TradFi) and decentralized finance (DeFi). The use of RWAs is currently evolving from pure tokenization into more active applications within the broader crypto finance field. Several RWA-focused blockchain projects have been launched with the aim of putting these assets into active use on DeFi protocols.
Among the new projects in this area is Plume Network, a modular Layer 1 blockchain that aims to create a demand-driven RWA ecosystem. Plume is committed to creating an environment in which physical and digital assets can easily be tokenized, compliance-checked and further used on DeFi platforms for yield generation, lending, borrowing and collateralization. By offering features like streamlined tokenization, smart wallets with advanced RWA management functions and data enrichment from external sources, Plume aims to become a leader in composable RWA use on-chain.
Key Takeaways:
Plume Network (PLUME) is a Layer 1 blockchain designed to provide secure, streamlined tokenization of RWAs and their further use within the DeFi ecosystem.
Its native cryptocurrency, PLUME, is used for gas fee payments, governance, liquidity-focused DeFi operations, staking and stake delegation.
Plume can be bought on Bybit as a USDT Spot pair.