Plume Network and Ondo Finance Form Strategic Partnership to Expand RWAfi Ecosystem through Tokenized U.S. Treasuries
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Plume Network and Ondo Finance Form Strategic Partnership to Expand RWAfi Ecosystem through Tokenized U.S. Treasuries
This collaboration combines Ondo's expertise in institutional-grade DeFi products and asset management with Plume's tailored blockchain infrastructure for RWA projects, protocols, and capital providers.
Navigating Web3 tides with focused insights
Ondo Finance, known for its institutional-grade financial products on blockchain, and Plume Network, the first fully integrated and modular Layer-1 blockchain purpose-built for real-world asset finance (RWAfi), today announced an expansion of RWAfi use cases through the issuance of Ondo’s tokenized U.S. Treasury products on Plume Network—including USDY, Ondo’s yield-bearing stablecoin backed by U.S. Treasuries.
This collaboration combines Ondo’s expertise in institutional DeFi products and asset management with Plume’s blockchain infrastructure tailored to RWA projects, protocols, and capital providers. The partnership aims to streamline access to RWAs and simplify capital aggregation through RWAfi-specific functionalities. Currently, USDY has a total value locked (TVL) exceeding $450 million across eight blockchains, offering a 4.9% annual percentage yield (APY), and will now enable global (non-U.S.) users and institutional investors on Plume to leverage the combined benefits of a stablecoin and U.S. Treasury yields.
Accelerating RWAfi Adoption
Plume has emerged as a pioneer in the RWAfi space, enabling asset tokenization and directly integrating capital and compliance providers into its blockchain infrastructure. With over 180 RWAfi projects currently in development on its network, Plume offers a secure and cost-effective ecosystem for RWAfi-focused entities and asset issuers.
"Plume's mission is to build a composable financial ecosystem that makes trading real-world assets seamless," said Chris Yin, CEO of Plume. "Integrating Ondo into our ecosystem allows us to offer investors a unified platform to diversify investments across various RWAs, further accelerating the development of the RWAfi-focused landscape."
Enhancing Accessibility and Compliance
Ondo Finance is committed to democratizing access to institutional-grade financial products and services. By combining blockchain technology with best practices from traditional finance—including investor protection, transparency, legal, and regulatory compliance—Ondo creates and manages tokenized financial products while developing decentralized finance protocols.
This collaboration will focus on expanding USDY’s utility within RWAfi, introducing a composable, yield-generating asset into the emerging RWA ecosystem and unlocking new opportunities for users and issuers alike.
"We're excited to bring our U.S. Treasury products into the Plume ecosystem, given Plume Network’s proven success in advancing RWAfi," said Katie Wheeler, Partner and Vice President at Ondo. "Plume is creating powerful network effects for RWA issuance, and a composable, yield-bearing asset can serve as strong economic fuel for this ecosystem—enhancing asset utility and delivering significant benefits across the entire network."
Uniting Proven RWAfi Leadership
The teams behind Ondo Finance and Plume Network are composed of professionals from globally renowned institutions including JPMorgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional blend of traditional finance giants and blockchain-native expertise equips both organizations with strategic insight and technical proficiency to meet the evolving demands of the RWAfi ecosystem. By uniting these seasoned leaders with the unique strengths of Ondo and Plume, advanced solutions for real-world asset finance (RWAfi) can be delivered, unlocking new frontiers of opportunity.
About Ondo Finance
Ondo Finance is a Web3-native technology and asset management company dedicated to building an open and compliant financial system by launching institutional-grade assets, services, and infrastructure on public blockchains. Ondo’s initial core offerings are tokenized cash equivalents that deliver low-risk, high-quality yields through U.S. Treasuries, money market funds, and similar instruments—providing on-chain investors with alternatives to traditional stablecoins, where yield accrues primarily to asset holders rather than issuers.
To learn more, visit: https://www.ondo.finance and https://www.ondo.finance/ousg
About Plume
Plume is the first fully integrated, modular Layer-1 blockchain built exclusively for RWAfi, providing a composable, EVM-compatible environment for accessing and managing diverse real-world assets. With over 180 projects already on its private development network, Plume offers an end-to-end asset tokenization engine and a network of financial infrastructure partners, streamlining asset onboarding and enabling seamless integration between RWAs and DeFi.
To learn more, visit plumenetwork.xyz or contact press@plumenetwork.xyz
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