Plume Launches Global RWA Alliance for Tokenized Assets
Plume has introduced a new alliance to boost real-world assets (RWA) in the tokenized market. The Global RWA Alliance includes key players like WisdomTree, Morpho, and Centrifuge. This move aims to expand and adopt RWAs on blockchain technology.
The alliance brings together top industry players. it includes DigiFT, Nest, TopNod, Gate Web3, RWA.xyz,and Mercado Bitcoin. Shukyee Ma, PlumeS chief strategy officer, says this alliance is a step toward unifying a fragmented ecosystem.
Ma believes RWAs are a promising growth area in finance. However, issues like lack of standards and poor distribution have slowed adoption.The alliance aims to solve these problems and boost global reach. it will focus on the U.S. and Asia-Pacific initially.
- The alliance targets a global presence for cross-border accessibility.
- It aims to engage with key stakeholders, including issuers, platforms, and regulators.
- Plume enables access to Nest, a platform for yield opportunities.
Plume recently registered a transfer agent with the U.S. Securities and Exchange Commission.This approval allows it to offer compliant recordkeeping and fund management in the U.S. tokenized-assets market. plume has nearly $577.8 million in total value locked, with its treasury vaults over 90% utilized.
