Plume Network has launched its Genesis mainnet, bridging decentralized finance and real-world assets through significant institutional collaborations.
Launch of Plume Genesis Mainnet
Plume Network has announced the launch of its Genesis mainnet, enabling the tokenization of real-world assets into the DeFi space. CEO Chris Yin highlighted the ease of integration with cryptocurrencies, reimagining real-world assets as yield-bearing assets.
Institutional Partnerships and Support
Plume's partners, including BlackRock and Invesco, signal broad institutional support for real-world assets on-chain. These partnerships underscore a significant milestone in the convergence of traditional finance and decentralized platforms, according to industry analysts.
Future of Real-World Asset Tokenization
Over $150 million in real-world asset capital has been deployed on-chain, sparking interest in how these tokenized assets will transform the DeFi landscape. Integrated protocols like Curve and Morpho are expected to enhance the ecosystem while improving liquidity solutions.
This development is viewed as foundational for the future of finance, with the potential for further tokenization of various asset classes, including art and metals.
