September 5th, 2024 — Plume Network, the first modular layer blockchain designed exclusively for Real World Asset Finance (RWAfi) tokenization, is excited to announce a strategic integration with XION, the first L1 purpose-built for crypto abstraction. This integration aims to bring the benefits of chain abstraction to Plume’s RWA-focused ecosystem, democratizing access to new asset classes and driving more users and liquidity to RWAs than ever before. This unlocks new possibilities for onchain asset management and further solidifies Plume’s position as a leader in the RWA space.
Plume Network: Leading RWAfi Ecosystem
Plume Network transforms how physical assets are brought onchain. Built as a fully modular and composable RWAfi solution, Plume simplifies the complex process of onboarding real world assets, offering a secure and compliant environment for developers and users. With a powerful suite of compliance tools and native infrastructure for RWA-focused DeFi.
Plume’s testnet has already achieved remarkable milestones, including approximately 200M transactions and 3.5M active users, demonstrating the network’s robust capabilities and strong adoption. As the first fully integrated chain focused on RWAfi, Plume’s foundation is designed to support a dynamic ecosystem of decentralized applications that merge traditional assets with cutting-edge blockchain technology.
Projects built on Plume can leverage XION’s Chain Abstraction technology, which will allow users and liquidity to flow freely between the Plume and XION ecosystems. This will accelerate Plume’s mission to create a more inclusive financial landscape. The integration will also benefit the XION ecosystem, as its users, developers, and applications will be able to leverage seamless access to RWA opportunities such as tokenization, trading, lending, and borrowing. With the democratization of investment opportunities in the physical world expected to drive increased adoption of Web3, it further reinforces XION’s position as a leading L1 blockchain with a powerful Chain Abstraction solution aimed at solving both distribution and fragmentation issues within the industry.
Democratizing Opportunities With Chain Abstraction
As RWAs rapidly emerge as a new asset class, democratizing access to these assets is becoming increasingly critical. XION’s Chain Abstraction technology will empower a wider range of users to seamlessly interact with tokenized real world assets. This integration breaks down the barriers that have historically limited participation in these markets, ensuring that more people can benefit from the financial opportunities they offer.
XION’s Chain Abstraction solution complements Plume’s vision by providing the user-friendly infrastructure necessary for tokenized assets to be accessible to all users while flowing seamlessly across interconnected ecosystems.
“XION’s mission is to bring the benefits of Web3 to all users, regardless of technical knowledge, so bringing chain abstraction to RWAs with Plume is particularly exciting. We’re broadening access to the tokenization of physical assets onchain, which represents a multi-trillion dollar opportunity and a paradigm shift in the democratization of asset ownership,” said Burnt Banksy, Founder & Core Contributor to XION.
As Plume continues to lead the charge in RWAfi, this integration with XION’s technology and ecosystem marks a pivotal moment in the evolution of blockchain ecosystems, where the lines between digital and physical assets are increasingly blurred.
About XION
XION is the first L1 blockchain purpose built for consumer adoption through chain abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has raised over $36M from top-tier investors including Animoca, Circle, Multicoin, Arrington Capital, Spartan, and more.
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About Plume
Plume is the first fully integrated and modular chain focused on RWAfi. We’ve built a composable, scalable ecosystem that supports the seamless onboarding of all types of real world assets, from equities to private credit and beyond. With our end-to-end tokenization engine, over 170 projects are building on Plume’s infrastructure, simplifying compliance and capital management to help projects scale globally.
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