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crypto.news 2025-02-11 18:08:55

Superstate taps Plume Network to power RWAfi expansion

Asset management firm Superstate has partnered with Plume Network, a real-world asset backed by major venture capital players. In a Feb. 11 announcement Plume Network described the partnership as a significant milestone for the RWA on-chain market. Superstate will use the integration to expand its U.S. Government Securities Fund and Crypto Carry Fund, making Plume the first multi-chain partner for USTB and USCC, the ticker symbols for these funds. As a result, the partnership aims to accelerate the adoption of RWAs across the financial market. “Superstate’s partnership with Plume brings institutional-grade, RWA-backed yields to the network. Investors can soon mint $USTB & $USCC natively on Plume—unlocking new integrations and products in an ecosystem designed for real world assets,” Plume posted on X. You might also like: Lido eyes new era for ETH staking with v3 upgrade Superstate will leverage Plume’s network, with chain-level compliance as a key component, to drive adoption of its tokenized assets. Meanwhile, the collaboration provides crypto-native investors with access to Treasury bill yields and other yield-generating strategies, further expanding DeFi’s footprint in traditional finance. Plume’s RWAfi infrastructure will be critical to Superstate’s efforts to attract institutional investors to the tokenized asset market. Plume revealed several partnerships last December, including with Google Cloud , Ondo Finance and Chateau Capital amid RWA expansion. These collaborations came after Plume raised $20 million in its series A round in October. You might also like: TON teams up with cross-chain bridge LayerZero to get access to 100+ chains