crypto.news 2025-03-17 13:47:02

Plume Network secures YZi backing to bridge TradFi and DeFi

YZi has invested in Plume Network, a modular blockchain designed to bring real-world assets on-chain Plume Network is a modular blockchain designed to bring real-world assets on-chain. It is building an Ethereum Virtual Machine-compatible ecosystem that allows RWAs — including financial instruments, carbon credits, and collectibles — to integrate seamlessly into decentralized finance. Plume has seen significant early traction, with over 18 million wallets participating in its testnet and partnerships with more than 180 protocols, according to a YZi (formerly Binance Labs) announcement . “At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact,” said Max Coniglio, Investment Director at YZi Labs. “Plume is bridging traditional finance and DeFi, paving the way for broader adoption.” You might also like: Crypto was supposed to be an exit—why are we more trapped than ever? | Opinion TradFi and crypto users The network aims to provide blockchain infrastructure that serves both crypto-native users and traditional financial institutions. Through Plume, users can swap, lend, borrow, and earn yields on RWAs, making them as accessible as other digital assets. Plume CEO Chris Yin noted that while stablecoins have successfully onboarded users into crypto, other RWAs have struggled to gain traction. “With Plume, asset issuers of all kinds can become Web3 builders, seamlessly connecting to our community, ecosystem, and liquidity,” he said. Plume Network recently announced a partnership with Superstate to expand the adoption of tokenized real-world assets, making Plume the first multi-chain partner for Superstate’s USTB and USCC funds. The collaboration provides crypto investors with access to Treasury bill yields while leveraging Plume’s compliance-focused infrastructure to attract institutional investors. You might also like: Bitget Wallet upgrades MEV Protection after viral $215k MEV bot attack on Uniswap