TL;DR
- YZi Labs has made an investment in Plume Network, a modular blockchain focused on the tokenization of real-world assets.
- Plume seeks to integrate assets such as financial instruments, carbon credits, and GPUs into an EVM-compatible DeFi ecosystem.
- The investment will allow Plume to expand into emerging markets and strengthen its infrastructure to facilitate access to RWAs.
YZi Labs announced an investment in Plume Network, a modular blockchain designed to integrate real-world assets into the crypto ecosystem.
What Does Plume Network Offer?
This platform allows the tokenization of various types of assets, from traditional financial instruments to carbon credits, GPUs, and collectibles. With this integration, users can exchange, lend, and speculate with these assets within a decentralized platform.
Plume Network operates in an EVM-compatible environment, making it easier to onboard projects and ensure interoperability with other networks. To date, it has registered over 18 million wallets on its testnet and established partnerships with more than 180 protocols. Its goal is to attract both native blockchain users and financial institutions looking to leverage the benefits of tokenization.
The investment will allow Plume to expand into emerging markets and strengthen its infrastructure to position itself as a leader within the RWAfi sector. This ecosystem focuses on providing liquidity and utility to tokenized assets, enabling any user to manage them with the same ease as a conventional token.
YZi Labs Seeks to Promote the Use of RWAs
Max Coniglio, Investment Director at YZi Labs, emphasized that Plume facilitates the adoption of real-world assets by making their use as intuitive as any other digital asset. Chris Yin, CEO of Plume, noted that although demand for RWAs has increased, there is still a lack of proper infrastructure for their integration into the crypto market. Plume aims to solve this problem by providing tools that allow issuers to tokenize assets, connect them to an active community, and ensure their liquidity.
YZi Labs has built a portfolio of over 250 projects in Web3, artificial intelligence, and biotechnology. More than 65 of these companies have gone through its incubation programs. With this investment, YZi Labs seeks to develop an adoption model where real-world assets can operate within a decentralized financial system without friction.
Plume, for its part, continues to develop its ecosystem, simplifying tokenization. Its goal is for any user to access these assets without the need for intermediaries or external platforms
