Ondo Finance, recognized for its institutional-grade financial products on blockchain, and Plume Network, the first fully integrated and modular layer 1 blockchain designed for Real World Asset Finance (RWAfi), are pleased to announce plans to expand use of RWAfi by natively issuing Ondo’s Tokenized US Treasury Bond products on the Plume Network, including the US Dollar Yield (USDY), the yieldcoin backed by US Treasury Bonds. Ondo USA.
This collaboration combines Ondo’s expertise in institutional-grade DeFi products and asset management with Plume’s blockchain infrastructure, designed specifically for RWA projects, protocols, and capital providers.
Together, the relationship aims Simplify RWA onboarding and streamline capital integration through specific features of RWAfi. With over $450 million in TVL across 8 blockchains, USDY currently offers an APY of 4.65%. Additionally, it will allow global (non-US) individual and institutional investors in Plume to access the utility of stablecoins combined with the yield generation secured by US Treasury Bonds.
Plume Network and Ondo Finance: Accelerating RWAfi Adoption
Plume has established itself as a pioneer in RWAfi, facilitating the tokenization of assets and integrating capital and compliance providers directly within its blockchain infrastructure. With support for over 180 RWAfi projects in development, Plume offers a secure and profitable ecosystem for RWAfi-focused entities and asset issuers.
“Our mission at Plume is to build a composable financial ecosystem that enables frictionless trading of real-world assets. Integrating Ondo into our ecosystem allows us to offer investors a comprehensive platform for diversification of investments in various RWAs, further accelerating the development process for RWAfi-focused entities.”
Chris Yin, CEO of Plume.
Improving accessibility and compliance
Ondo Finance is dedicated to make institutional-grade financial products and services accessible to all. Combining blockchain technology with the best practices of traditional finance, including investor protections, transparency, and legal and regulatory compliance, Ondo creates and manages tokenized financial products while developing decentralized finance protocols.
The collaboration will focus on expanding RWAfi use cases for USDY, bringing a composable and performing asset to a nascent RWA ecosystem to create new opportunities for both users and issuers.
«We are excited to integrate our US Treasury Bond products into the Plume ecosystem, given the clear success of RWAfi under the guidance of the Plume Network. “Plume is creating a network effect of opportunities for RWA issuance, and having a composable, performing asset to drive this economics is a plus for both the utility of the asset and the ecosystem as a whole.”
Katie Wheeler, VP of Partnerships at Ondo.
Integrating proven leadership into RWAfi
The Ondo Finance and Plume Network teams are made up of professionals with extensive experience in globally recognized institutions such as JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance and dYdX.
This exceptional combination of traditional finance and blockchain expertise equips the alliance with the strategic vision and technical knowledge to address the evolving needs of the RWAfi ecosystem. By bringing together these experienced leaders, Ondo and Plume are uniquely positioned to offer cutting-edge solutions and unlock new opportunities in real-world asset financing.
About Plume
plume is the first fully integrated L1 modular blockchain focused on RWAfiwhich offers an EVM-compatible composable environment for onboarding and managing various real-world assets. With over 180 projects in its private development network, Plume provides a comprehensive tokenization engine and financial infrastructure partner network, simplifying asset onboarding and enabling seamless DeFi integration for RWA.
Get more information in the website from Plume or contact press@plumenetwork.xyz
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