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 now announce their collaboration to expand the application scenarios of RWAfi by issuing Ondo's tokenized U.S. Treasury products on Plume Network, including USDY — Ondo's yield coin based on U.S. Treasuries.
This partnership combines Ondo's expertise in institutional-grade DeFi products and asset management with Plume's tailored blockchain infrastructure for RWA projects, protocols, and capital providers. The collaboration aims to simplify the access process to RWA and streamline capital integration through RWAfi-specific features. Currently, USDY has a total locked value (TVL) of over $450 million across 8 blockchains, offering an annual percentage yield (APY) of 4.9%, enabling global (non-U.S.) users and institutional investors on Plume to leverage the advantages of combining stablecoins with U.S. Treasury yield generation.
Accelerating the Adoption of RWAfi
Plume has become 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 trading real-world assets seamless," said Chris Yin, CEO of Plume. "Integrating Ondo into our ecosystem allows us to provide investors with a comprehensive platform that supports diversification across various RWAs, further accelerating the development of RWAfi-focused entities."
Enhancing Accessibility and Compliance
Ondo Finance is committed to making institutional-grade financial products and services accessible to everyone. By combining blockchain technology with best practices from traditional finance — encompassing investor protection, transparency, and legal and regulatory compliance — Ondo creates and manages tokenized financial products while developing decentralized finance protocols.
This collaboration will focus on expanding the application scenarios of USDY in RWAfi, introducing a composable, yield-generating asset into the nascent RWA ecosystem, thereby creating new opportunities for users and issuers.
"We are excited to integrate our U.S. Treasury products into the Plume ecosystem, given Plume Network's significant success in advancing 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 strong momentum for this economic system, enhancing the utility of the assets and bringing tremendous benefits to the entire ecosystem."
Integrating Mature RWAfi Leadership
The teams at Ondo Finance and Plume Network consist of professionals from globally renowned institutions, including JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional blend of traditional financial giants and blockchain specialists equips both parties with strategic insight and expertise to address the evolving demands of the RWAfi ecosystem. By uniting these experienced leaders along with the unique strengths of Ondo and Plume, advanced solutions for Real World Asset Finance (RWAfi) can be provided, unlocking 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 first core products are tokenized cash equivalents, providing extremely low-risk, high-quality yields through U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins and allowing asset holders rather than issuers to capture most 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 accessing and managing diverse real-world assets. With over 180 projects already in development on its private development network, Plume offers an end-to-end asset tokenization engine and a network of financial infrastructure partners, simplifying the access process for assets and achieving seamless integration of RWA with DeFi. For more information, please visit plumenetwork.xyz or contact press@plumenetwork.xyz.
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