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Plume launches Genesis mainnet for DeFi-enabled real world assets

Jayson Derrick
Edited by
News
Plume launches Genesis mainnet for DeFi-enabled real world assets

Plume Network launched its mainnet, bringing all the functionality of DeFi to real-world assets. The mainnet launch follows an Alpha phase that saw over $150 million in real-world asset capital deployed on-chain, according to the company.

Plume is bridging DeFi and RWAs. On June 5, Plume Network announced the debut of its Plume Genesis mainnet, a dedicated RWAfi blockchain built to enable DeFi composability with tokenized real-world assets. According to the project, the network will allow RWAs to interact seamlessly with DeFi protocols.

According to the project, the network will allow RWAs to interact seamlessly with DeFi protocols. Plume says over 200 projects are building on the network, including Morpho, Curve, Matrixdock, and others.

“RWAfi reimagines real world assets as composable, yield-bearing primitives that behave like crypto,” commented Chris Yin, co-founder and CEO of Plume. “By introducing new DeFi use cases to institutional-grade assets, we’re making RWAs as easy to use as any other crypto asset.”

Plume’s flagship protocol Nest demonstrates how users can stake stablecoins into institutional-backed vaults and receive yield-bearing RWA tokens in return. Nest is an on-chain protocol that lets users permissionlessly stake stablecoins. In return, users receive yield-bearing RWAs, which can then be used as collateral to borrow additional stablecoins.

The Plume mainnet will also support yield-bearing RWAfi assets, reward mechanisms, and various other DeFi incentives. Additionally, Plume announced plans to introduce alternative asset classes to the platform, including fine art, precious metals, trading cards, and even uranium.

Clarified regulatory context driving launch timing

According to Plume co-founder and CBO Teddy Pornprinya, the timing of the launch reflects improving regulatory clarity around tokenized assets. The goal is to provide these assets with the same DeFi functionality available to native crypto assets, enabling users to lend, stake, or farm RWAs on-chain.

“With global regulatory headwinds for crypto ceasing, for the first time, institutions can safely access tangible yield-bearing assets at scale. As these assets become a key focal point for regulators, we’re building the infrastructure to make them a bridge to mainstream adoption,” Teddy Pornprinya, Plume.

Plume also stated that it is actively engaging with policymakers in the U.S. and internationally to support regulatory alignment. The company noted meetings with the U.S. Department of the Treasury, the Securities and Exchange Commission, as well as regulatory officials in Europe and the United Arab Emirates.