Ondo Finance is known for its institutional-grade financial products on the blockchain, while Plume Network is the first fully integrated and modular Layer-1 blockchain designed for Real-World Asset Finance (RWAfi). The two parties have announced that they will expand the application scenarios of RWAfi by issuing Ondo's tokenized US Treasury products, including USDY - Ondo's yield-bearing token based on US Treasuries, on the Plume Network.
This collaboration combines Ondo's expertise in institutional-grade DeFi products and asset management, as well as Plume's blockchain infrastructure customized for RWA projects, protocols, and capital providers. The collaboration aims to simplify the onboarding process for RWA and streamline capital integration through RWAfi-specific functionalities. Currently, the total value locked (TVL) of USDY across 8 blockchains exceeds $450 million, offering a 4.9% annual percentage yield (APY), and will enable global (non-US) users and institutional investors on Plume to leverage the benefits of combining stablecoins with US Treasury yields.
Accelerating the Adoption of RWAfi
Plume has emerged as a pioneer in the RWAfi space, facilitating asset tokenization and directly integrating capital and compliance providers into its blockchain infrastructure. Plume currently supports over 180 RWAfi projects in development, providing a secure and cost-effective ecosystem for entities and asset issuers focused on RWAfi.
"Plume's mission is to build a composable financial ecosystem that makes the trading of real-world assets seamless," said Chris Yin, CEO of Plume. "Integrating Ondo into our ecosystem enables us to provide investors with a comprehensive platform to diversify investments across various RWAs, further accelerating the development of the RWAfi-focused entity space."
Enhancing Accessibility and Compliance
Ondo Finance is committed to making institutional-grade financial products and services accessible to all. By combining blockchain technology with best practices from traditional finance - including investor protection, transparency, legal and regulatory compliance - Ondo develops and manages tokenized financial products while building decentralized finance protocols.
This collaboration will focus on expanding the use cases of USDY within the RWAfi ecosystem, introducing a composable, yield-generating asset into the nascent RWA ecosystem, creating new opportunities for users and issuers.
"We are excited to integrate our US Treasury product into the Plume ecosystem, given Plume Network's remarkable success in driving RWAfi," said Katie Wheeler, Partner and Vice President at Ondo. "Plume is creating a network effect for RWA issuance, and a composable, yield-generating asset can provide powerful momentum to this economic system, not only enhancing the utility of the asset but also bringing tremendous benefits to the entire ecosystem."
Integrating Seasoned RWAfi Leadership
The teams of Ondo Finance and Plume Network comprise professionals from globally renowned institutions, including JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional fusion of traditional finance giants and blockchain experts has deployed strategic intelligence and technical expertise to address the evolving needs of the RWAfi ecosystem. By combining these experienced leaders and the unique strengths of Ondo and Plume, they can provide advanced solutions for Real-World Asset Finance (RWAfi) and unlock new opportunities.
About Ondo Finance
Ondo Finance is a Web3-native technology and asset management company dedicated to building an open and compliant financial system by launching institutional-grade assets, services, and infrastructure on public blockchains. Ondo's core initial products are tokenized cash equivalents, providing low-risk, high-quality yields through US Treasuries, money market funds, and similar instruments, offering an alternative to stablecoins for on-chain investors and allowing asset holders, rather than issuers, to capture the majority of the underlying asset's yield.
For more information, please visit: https://www.ondo.finance and https://www.ondo.finance/ousg
About Plume
Plume is the first fully integrated Layer-1 modular blockchain focused on RWAfi, providing a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With over 180 projects already on its private development network, Plume offers an end-to-end asset tokenization engine and a network of financial infrastructure partners, simplifying the asset onboarding process and achieving seamless integration between RWA and DeFi.
To learn more, please visit plumenetwork.xyz or contact press@plumenetwork.xyz
