Plume is a public, EVM-compatible blockchain that facilitates the seamless adoption and demand-driven integration of real-world assets (RWAs). Its primary focus is addressing the growing demand for yield-generating assets that provide stability, transparency, and income potential.

By utilizing decentralized finance (DeFi) infrastructure and a comprehensive, vertically integrated technology stack, Plume enhances the accessibility, liquidity, and efficiency of RWAs within the digital economy. The platform empowers issuers to tokenize various asset classes, including real estate, commodities, and revenue streams, enabling their transformation into digital assets that can be easily traded, financed, or used as collateral.

About the Project

Problem 

Established chains like Ethereum face significant scaling problems while catering to the billion-dollar Real World Assets Problem. Existing scaling solutions, such as optimistic and zero-knowledge rollups, derive their security from Ethereum’s base layer, which was designed for the seamless exchange of cryptocurrencies. Since these assets have value intrinsically tied to the blockchain, these solutions inherit structural limitations, making them unsuitable for securing RWAs with exogenous economic significance. This creates a critical vulnerability when integrating large-scale, off-chain assets into blockchain ecosystems.

Additionally, current blockchains depend on centralized third-party services for real-world integrations. Networks like Ethereum rely on a fragmented mix of oracle providers, asset issuers, and data availability solutions, none of which are inherently optimized for seamless off-chain asset integration. While this patchwork approach may be sufficient for crypto-native applications, it lacks the structural coherence necessary to scale into the broader RWA market.

Solution 

Plume addresses these challenges with a next-generation Layer 1 blockchain secured by proof of representation, a novel two-tier consensus mechanism designed specifically for real-world asset integration.

Unlike existing blockchains that depend on centralized intermediaries for asset verification, Plume’s architecture establishes a self-governing system that leverages cryptoeconomic incentives to delegate responsibilities securely. This ensures that RWAs can be reliably represented on-chain without relying on a single point of failure.

The proof-of-representation model enhances security by enforcing accountability through cryptoeconomic mechanisms. Validators must stake assets, which can be slashed in the event of misconduct, ensuring the integrity of real-world data verification. While traditional blockchain networks are built to validate decentralized data sources, they are not optimized for integrating sensitive, gated, or narrowly accessible information. Plume resolves this challenge by implementing a dual-layer trust model that combines cryptoeconomic incentives with slashing mechanisms, enabling a secure and scalable bridge between RWAs and the blockchain ecosystem. By designing its Layer 1 infrastructure specifically for real-world asset integration, Plume delivers a scalable, resilient, and trust-minimized framework for bringing institutional-grade assets on-chain.

Products

Plume's architecture is specifically designed to enable the tokenization and management of real-world assets (RWAs) on the blockchain. Its core components—Arc, Smart Wallets, and Nexus—function together to create a secure and efficient framework for handling various asset classes, ensuring regulatory compliance, and integrating essential data seamlessly.

Arc: The Tokenization Engine for Real-World Assets

Arc serves as the core tokenization engine within Plume’s ecosystem, providing an efficient and streamlined framework for creating, onboarding, and managing tokenized real-world assets (RWAs). Designed to enhance accessibility and regulatory compliance, Arc simplifies the tokenization process while ensuring assets are securely integrated into the blockchain.

Arc facilitates the tokenization of physical and digital assets by integrating with compliance and data management systems. This ensures that tokenized assets maintain accuracy, security, and alignment with regulatory requirements throughout their lifecycle. By leveraging an app store model, Arc enables issuers to install modular applications tailored to their specific tokenization needs, enhancing flexibility and adaptability within the platform.

One of Arc’s key advantages is its ability to support seamless and cost-effective asset tokenization while automating compliance checks. The platform incorporates essential features to uphold regulatory standards and facilitate smooth asset transactions. It ensures compliance with U.S. securities laws, enabling issuers to tokenize assets securely. Arc also provides onramps and offramps that allow USD yields to be moved on-chain for distribution to token holders, as well as the ability to cash out proceeds from on-chain sales. To further enhance security and regulatory adherence, Arc includes identity verification mechanisms to support Know Your Counterparty (KYC) compliance. It also integrates monitoring and sanctions compliance to meet Anti-Money Laundering (AML) regulations.

Nexus: Enabling Real-World Data Integration Onchain

Nexus is a foundational component within Plume’s ecosystem. It is designed to bring real-world data on-chain and unlock new possibilities for prediction markets, decentralized finance (DeFi) applications, and speculative indices. By enabling seamless data integration, Nexus enhances the utility of blockchain-based financial instruments, allowing developers and users to leverage accurate, real-time information in a decentralized environment.

Developed in collaboration with leading oracle providers—including SEDA, Stork, Supra, Chronicle, and TRUF.Network, Redstone, Oraichain, and OpenLayer—Plume Nexus represent a crucial step toward bridging real-world data with decentralized ecosystems. Unlike traditional real-world asset (RWA) projects, which primarily focus on asset tokenization, Nexus serves as a comprehensive data highway, facilitating the seamless ingestion of diverse data types. At its core, Nexus provides a fully integrated framework that includes developer toolkits, client libraries, containerized daemons, and specialized smart contracts. By leveraging Nexus, users can access reliable, up-to-date information to power a wide range of financial applications. Through its advanced infrastructure, Plume Nexus strengthens the connection between off-chain data and decentralized networks, fostering a more transparent and data-driven blockchain ecosystem.

Plume Smart Wallet: Unlocking DeFi Composability for Real-World Assets

Traditional real-world asset (RWA) holdings often remain stagnant, unable to be staked, collateralized, or integrated into decentralized finance (DeFi) ecosystems. This lack of composability limits their utility and participation in on-chain financial activities. Plume’s Smart Wallet addresses this challenge by embedding custody and compliance mechanisms directly within the wallet, simplifying user interactions while ensuring regulatory alignment.

Unlike conventional account abstraction models that depend on third-party providers, Plume’s Smart Wallet leverages a modified go-ethereum (geth) client to embed custom code directly into each user’s externally owned account (EOA). This architecture enables advanced features such as gasless transactions, automated operations, and batch processing. By eliminating reliance on external smart contracts, users gain full control over wallet extensions, allowing for frictionless interaction with decentralized applications (dApps) and DeFi protocols while maintaining flexibility and security. By introducing an integrated approach to custody, compliance, and on-chain functionality, Plume Smart Wallets redefine how RWAs interact with blockchain networks, unlocking new opportunities for seamless asset management and financial innovation.

Market Analysis

The real-world asset (RWA) sector continues to be one of the most dynamic and rapidly expanding narratives within the cryptocurrency industry. Among the few sectors that have demonstrated consistent performance, RWAs have seen substantial growth, reinforcing their position as a key area of innovation and investment. As traditional finance continues to explore blockchain applications, the demand for tokenized real-world assets is expected to increase, driving further adoption and development in this space.

In 2024, the total market capitalization of RWAs surpassed $15 billion, marking a significant milestone for the sector. The RWA Sector has doubled in the past year. One of the most notable trends has been the expansion of the tokenized treasury market, which grew by 179%. Protocols like Ondo have gained considerable traction, addressing the increasing demand for on-chain financial instruments backed by traditional assets. This rapid expansion highlights the growing investor confidence in blockchain-powered RWAs, providing transparency, liquidity, and accessibility that traditional financial markets often lack.

Furthermore, institutional adoption has been pivotal in legitimizing RWAs as a critical sub-sector within the broader digital asset landscape. Major financial entities have entered the space, further validating its potential. BlackRock, through its collaboration with Securitize, introduced its BUIDL fund on Ethereum, while Franklin Templeton launched its own tokenized fund via the BENJI token, representing fractional ownership of underlying treasuries. The entrance of such global financial leaders into blockchain-based RWAs not only strengthens the industry's credibility but also accelerates mainstream adoption.

Beyond institutional involvement, the RWA ecosystem has also witnessed the emergence of dedicated blockchain networks tailored for asset tokenization. Established players such as Ondo and Securitize have introduced their chains, further strengthening the sector’s infrastructure. These specialized networks are designed to enhance scalability, improve regulatory compliance, and streamline the integration of real-world financial instruments into the digital economy.

As the sector continues to evolve, regulatory clarity will play a crucial role in shaping the future of RWAs. Governments and financial regulators worldwide increasingly recognize the potential of blockchain-based asset tokenization, prompting discussions on compliance frameworks and legal standards. Clearer guidelines will provide greater confidence to investors and institutions, accelerating the sector’s growth and integration with traditional financial markets.

With increasing institutional participation, innovative financial products, and the rise of specialized blockchain solutions, RWAs are positioned to remain a strong and evolving segment within the crypto industry. As more financial assets migrate to blockchain networks, the convergence of traditional finance and decentralized technology is expected to drive a new era of financial accessibility, efficiency, and transparency.

Competition-

Plume operates in a competitive environment within the real-world asset (RWA) blockchain sector, facing competition from several emerging Layer 1 networks designed to facilitate the tokenization and management of RWAs. Among these competitors, MANTRA Chain and Redbelly have established themselves as notable players, each offering unique solutions tailored to regulatory compliance, security, and integration with traditional finance.

MANTRA Chain

MANTRA Chain is a Layer 1 blockchain network specializing in RWAs, built using the Cosmos SDK. It provides developers with pre-built regulatory-compliant solutions, enabling seamless asset tokenization without the risk of regulatory backlash—one of the primary concerns in many RWA projects. By offering compliance-focused infrastructure, MANTRA Chain simplifies the onboarding process for businesses and financial institutions looking to integrate RWAs into blockchain ecosystems.

The project has gained significant traction, particularly among traditional Web2 companies, securing partnerships with major industry players such as Google, UOB, and DAMAC Group. Additionally, its native token, $OM, has been one of the strongest-performing assets in the crypto market over the past year, currently holding a fully diluted valuation (FDV) of $12 billion. MANTRA Chain’s strategic approach to bridging the gap between blockchain and traditional finance positions it as a formidable competitor in the RWA sector.

Redbelly

Redbelly is another key player in the RWA blockchain space, offering a solution called Compliant Asset Tokenization. This framework connects traditional financial markets with decentralized finance by enabling RWA issuers to build Web3-based registries and create structured on-chain financial products. Unlike many existing blockchain platforms, Redbelly integrates real-world identity verification mechanisms, ensuring compliance with regulatory standards.

A defining feature of Redbelly is its strong focus on accountability, which is enforced at both the protocol and functional levels. At the protocol level, Redbelly employs a novel fraud detection mechanism called Polygraph, which constructs undeniable proofs of fraud. At the functional level, the network implements an advanced identity layer that ensures all participants are identifiable while maintaining privacy through zero-knowledge proofs and verifiable credentials. This approach enables full user accountability at the transaction level while safeguarding personal information, making Redbelly an appealing choice for institutions requiring robust security and compliance measures.

Currently, Redbelly has a valuation of $230M. It has been down 50% since its launch. 

Converge by Securitize and Ethena Labs 

Securitize is a leading financial technology company specializing in the tokenization of real-world assets (RWAs) and the facilitation of capital raising through digital securities. By leveraging blockchain technology, Securitize enables institutions to tokenize investment funds, enhancing accessibility, liquidity, and efficiency within the financial sector. The company has played a pivotal role in tokenizing several investment funds, including BlackRock’s BUIDL. Ethena Labs is a fintech company focused on creating decentralized financial solutions, including its flagship product, the synthetic dollar USDe, which is backed by Ethereum and Bitcoin and stabilized using delta-hedging strategies.

Expanding its reach, together, they are set to launch Converge, a new Ethereum-compatible blockchain, in the second quarter of 2025. Converge aims to integrate decentralized finance (DeFi) with institutional finance, providing a compliance-driven infrastructure for tokenized assets. By bridging traditional finance with blockchain efficiencies, Securitize continues to drive the adoption of digital securities, further advancing the role of tokenization in institutional finance.

Ondo Chain

Ondo Finance is a company dedicated to democratizing access to institutional-grade financial products through tokenizing real-world assets (RWAs). Its key offerings include USDY (US Dollar Yield Token), a digital asset backed by short-term U.S. Treasuries and bank deposits, designed to provide a stable yield while ensuring compliance with regulatory standards. In line with its commitment to advancing the RWA sector, Ondo Finance recently announced the launch of its own Layer-1 blockchain.

Ondo Chain is a Layer-1 blockchain specifically designed to facilitate the tokenization of RWAs and establish institutional-grade financial markets on-chain. It combines the transparency and openness of public blockchains with the security and compliance features of permissioned networks. The blockchain incorporates built-in mechanisms for verifying off-chain data, such as asset prices and proof of reserves, ensuring greater transparency and trust. By focusing on RWAs, Ondo Chain aims to enhance liquidity and accessibility in decentralized finance (DeFi) while providing a secure and regulatory-compliant environment for institutional participation.

Traction

Plume has established a robust network of strategic partnerships, reinforcing its position in the Real-World Asset (RWA) sector. Among its recent collaborations, Plume has partnered with Goldfinch, a leading platform for on-chain private credit. Other notable partnerships include Aethir, Symbiotic, and Credbull, contributing to a total of $4.5 billion in assets committed for tokenization.

Plume's ecosystem is expanding rapidly, with over 180 projects developing on the network, benefiting from its integrated regulatory tools. These tools ensure compliance, making Plume an attractive choice for institutions and developers entering the RWA space. By forging strategic alliances across various industries, Plume enhances the demand for tokenized assets, extends its market reach, and strengthens the practical application of RWAs. These partnerships not only validate Plume’s mission but also drive broader adoption within Decentralized Finance (DeFi) and traditional financial markets.

Token

$PLUME is the native token of the Plume Network, playing a crucial role in the platform's ecosystem and governance. A significant portion of the total token supply—59%—has been allocated to Community, Ecosystem, and Foundation initiatives. These tokens are dedicated to fostering ecosystem growth through grants, community incentives, marketing efforts, validator rewards, and liquidity provisioning, all aimed at supporting the network’s long-term objectives.

Plume Network has designed $PLUME with multiple utilities to enhance its functionality and value across the ecosystem:

• Gas Fees: $PLUME is required to execute transactions on the Plume platform, serving as the primary medium for facilitating various operations and interactions within the ecosystem.

• Governance: Token holders can participate in network governance, using their $PLUME tokens to vote on critical decisions, including protocol upgrades and feature implementations.

• Staking and Delegation: Users and validators can stake $PLUME to contribute to network security and operational efficiency. In return, participants earn staking rewards, incentivizing active engagement and long-term commitment to the network’s stability.

• Ecosystem Liquidity: The token plays a key role in liquidity provisioning, acting as collateral and supporting various financial activities within the ecosystem. This broad utility helps maintain a fluid and efficient marketplace, ensuring seamless transactions while enhancing the overall user experience.

By integrating these functionalities, $PLUME strengthens the foundation of the Plume Network, fostering decentralization, security, and scalability while enabling broader adoption of Real-World Asset (RWA) tokenization.

Investors 

Team

Chris Yin is the co-founder and CEO of Plume Network, a startup focused on creating a modular Layer-2 blockchain for real-world assets (RWAs). He has a strong background in product management and investment, having previously served as Vice President of Product at Rainforest QA and as a Principal at Scale Venture Partners. Yin studied at the University of California, San Diego, and is fluent in both English and Chinese. His career reflects a blend of experience in B2B software and infrastructure, emphasizing innovation in the blockchain space.

Teddy Pornprinya is the co-founder and Chief Business Officer (CBO) of Plume Network. He has held significant roles at major firms such as Binance and Coinbase, where he focused on business development. Teddy graduated from the University of California, Berkeley, bringing expertise in navigating the intersection of traditional finance and cryptocurrency.

Eugene Shen serves as the co-founder and Chief Technical Officer (CTO) of Plume Network. He previously worked as a Senior Software Engineer at dYdX and holds a Bachelor's degree in Engineering Physics from the University of British Columbia. His technical expertise is crucial for developing the blockchain's infrastructure.

The Plume Network team comprises industry experts with extensive experience in blockchain technology and financial markets. Members have previously held key roles at leading companies such as Coinbase, Robinhood, Binance, Galaxy Digital, and LayerZero, contributing deep expertise in digital asset trading and decentralized finance to blockchain infrastructure and regulatory compliance. This diverse background strengthens Plume's ability to drive innovation and foster the adoption of Real-World Asset (RWA) tokenization within the broader blockchain ecosystem.

Conclusion 

Plume Network provides a modular, Ethereum Virtual Machine (EVM)-compatible blockchain environment tailored for onboarding and managing diverse real-world assets (RWAs). With its integrated tokenization engine and partnerships with financial infrastructure providers, Plume simplifies the process of asset tokenization, enabling seamless integration of RWAs into decentralized finance (DeFi). This platform allows users to tokenize assets, distribute them globally, and make them accessible to crypto-native users.

The architecture of Plume is designed to facilitate the efficient management of various asset classes, including real estate, commodities, and financial instruments. By leveraging advanced technology and strategic collaborations, Plume aims to enhance liquidity and transparency in the asset management space. As the RWA sector continues to grow, Plume Network's strategic collaborations and expanding ecosystem position it as a key player in the Web3 landscape, driving innovation in blockchain-based asset management. The network is poised to play a pivotal role in bridging traditional finance with the emerging decentralized economy, ultimately contributing to a more inclusive financial ecosystem for all participants.

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