Plume Network to Become the First Superstate Multichain Partner to Accelerate Institutional Adoption of RWAfi
Superstate, an asset management firm modernizing investing through tokenized financial products, today announced its strategic selection of Plume Network as its first partner to spearhead its multichain expansion, following their previously announced commitment to expand across multiple blockchain networks.
Plume, the leading real world asset finance (RWAfi) blockchain ecosystem, will provide the infrastructure for Superstate to expand its tokenized financial products. Users on Plume Network will gain access to Superstate’s funds: the Superstate Short Duration US Government Securities Fund (USTB), which offers access to short-duration Treasury Bills, and Superstate Crypto Carry Fund (USCC), which offers access to crypto basis strategies across Bitcoin, Ether (including staking Ether), and U.S. Treasury securities.
"Plume’s selection as Superstate's first chain expansion affirms our vision that a robust RWAfi ecosystem can significantly drive the adoption of institutional-grade assets," said Chris Yin, CEO and Co-founder of Plume Network. "Superstate has proven its capability to deliver transparent yields while scaling effectively for crypto-native investors, which is a potent combination for an institutional tokenized asset management firm."
The deployment of USTB and USCC will unlock access to institutional grade RWA yield opportunities and diversified use cases previously unavailable to crypto-natives onchain. Investors into these Superstate funds will be able to access yields from crypto basis trades, staking, and government securities. Access to these trading strategies are only made possible through Plume’s RWAfi infrastructure that bakes compliance and security in at the chain level, providing a composable ecosystem for institutional products like Superstate to safely bridge the gap between TradFi and DeFi and participate in onchain activities.
Robert Leshner, CEO of Superstate added, “Superstate’s goal is to bring institutional-grade tokenized assets to every major blockchain, and by first expanding to Plume, the unique RWAfi chain provides an opportunity to demonstrate how purpose-built infrastructure can enable great new use-cases for tokenized assets. We’re excited to build on Plume.”
Built specifically to scale long-term for the institutional adoption of RWAs, Plume’s advanced infrastructure offers Superstate optimal liquidity for diverse use cases within a composable RWAfi ecosystem. Further, Plume’s modular design enables high throughput and efficient asset management for any project, providing the scalability and flexibility needed for modern financial systems. Together, both Plume and Superstate are advancing RWAs as a cornerstone to bringing institutional grade products onchain.
About Plume
Plume Network is the first full-stack L1 RWA Chain and ecosystem purpose-built for Real World Asset Finance (RWAfi), enabling the rapid adoption and demand-driven integration of real world assets. With 180+ projects building on the network, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables seamless DeFi integration for RWAs so anyone can tokenize real world assets, distribute them globally, and make them useful for native crypto users.
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About Superstate
Superstate is an asset management firm modernizing investing for crypto native institutional investors through tokenized financial products. We offer investment products that benefit from the speed, programmability, and compliance advantages of blockchain tokenization. Superstate’s suite of products includes tokenized treasury fund USTB, and tokenized crypto basis fund, USCC. Learn more about our products for institutional investors at Superstate.co.