YZi has made an investment in Plume Network, a modular blockchain aimed at bringing real-world assets onto the blockchain.
Plume Network is a modular blockchain focused on integrating real-world assets (RWAs) into the digital sphere. It is developing an ecosystem compatible with the Ethereum Virtual Machine, enabling RWAs such as financial instruments, carbon credits, and collectibles to be effortlessly incorporated into decentralized finance.
Plume has experienced considerable early success, with over 18 million wallets participating in its testnet and collaborations with more than 180 protocols, according to a recent announcement from YZi (formerly Binance Labs).
“At YZi Labs, we back projects that leverage blockchain technology to create tangible impact,” stated Max Coniglio, Investment Director at YZi Labs. “Plume is connecting traditional finance with DeFi, paving the way for wider adoption.”
Traditional Finance and Crypto Users
The network aims to establish blockchain infrastructure that meets the needs of both crypto enthusiasts and conventional financial institutions. Through Plume, users can trade, lend, borrow, and earn yields on RWAs, making them as easily accessible as other digital assets.
Plume’s CEO, Chris Yin, remarked that while stablecoins have brought many users into the crypto space, other RWAs have faced challenges in gaining popularity.
“With Plume, asset issuers of all types can become builders in the Web3 space, effortlessly connecting with our community, ecosystem, and liquidity,” he explained.
Recently, Plume Network unveiled a partnership with Superstate to promote the adoption of tokenized real-world assets, positioning Plume as the first multi-chain collaborator for Superstate’s USTB and USCC funds.
This collaboration allows crypto investors to access Treasury bill yields while utilizing Plume’s compliance-oriented infrastructure to attract institutional investors.