Plume Network Leverages Fireblocks To Unlock Institutional Access To DeFi And RWA Yields
In Brief
Plume Network has partnered with Fireblocks to enhance its offerings for institutions looking for secure, scalable, and transparent DeFi solutions.
Modular blockchain platform Plume Network, which focuses on real-world assets (RWAs), announced a partnership with Fireblocks, an enterprise-grade platform that provides infrastructure for issuing digital assets. This collaboration aims to enhance Plume Network’s offerings for institutions seeking secure, scalable, and transparent decentralized finance (DeFi) solutions.
Fireblocks is known for its secure infrastructure that facilitates the movement, storage, and issuance of digital assets. The platform helps financial institutions such as exchanges, custodians, banks, trading desks, and hedge funds scale their digital asset operations with high levels of security.
By integrating Fireblocks‘ infrastructure and custodian solutions, Plume Network aims to support the development and success of its flagship product, Plume Arc. Plume Arc is designed to provide a secure, efficient, and user-friendly interface for institutions looking to engage with DeFi protocols. The solution aims to reduce entry barriers and streamline the process, enabling institutions to easily onboard, manage, and deploy capital within the Plume ecosystem.
Fireblocks’ Users To Leverage RWA Yield Opportunities Within Plume Network Ecosystem
Through this integration, institutional users on Fireblocks’ platform will be able to access real-world asset (RWA) yield opportunities within the Plume ecosystem. These opportunities represent a new avenue for asset managers, hedge funds, and other institutional players, providing them with diversified yield streams that are not correlated with cryptocurrency markets. The integration effectively bridges the gap between decentralized finance (DeFi) and traditional finance, offering a smooth pathway for institutions to participate in on-chain activities while managing their risk profiles.
Chris Yin, CEO of Plume Network, explained that Fireblocks was a natural choice for their platform due to its reputation as a trusted custodian. He emphasized that the integration aligns with their goal of offering institutions seamless, secure, and transparent access to the network’s ecosystem. According to him, this collaboration would provide institutional users with the confidence to engage with DeFi on a much larger scale than ever before.
Plume Network is a public Layer 1 blockchain designed for Real World Asset Finance (RWAfi), facilitating the adoption and integration of real-world assets driven by demand. With over 180 projects currently developing on the network, it provides a composable, EVM-compatible environment that enables the onboarding and management of various real-world assets.
Recently, the platform launched its native PLUME token, which is now available on major decentralized and centralized exchanges, such as Bybit, Bitget, KuCoin, and Gate.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
