Plume Network announced a collaboration with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain.
Plume users can benefit from Fireblocks’ “secure” infrastructure and digital asset platform.
With this integration, Plume aims to enhance its offerings for institutions looking to explore “secure, scalable, and transparent DeFi opportunities.”
Tapping into Fireblocks’ infrastructure and custodian solutions is expected to play a role in the “development and success of Plume’s flagship product, Plume Arc.”
Plume Arc will deliver a secure interface for institutions looking “to engage with DeFi protocols, lowering barriers to entry, and allowing institutions to seamlessly onboard, manage, and deploy capital within the Plume ecosystem.”
Through this integration, institutional users on Fireblocks‘ platform “will gain access to RWA yield opportunities in the Plume Ecosystem.”
These offerings present a new frontier for asset managers, hedge funds, and other institutional players, “providing them with diversified yield streams that are uncorrelated from cryptocurrency markets.”
The integration bridges the gap between DeFi and traditional finance, offering a pathway for institutions to “participate in onchain activities while managing their risk profile.”
Chris Yin, CEO of Plume Network stated:
“Fireblocks is a natural choice for Plume. Their proven track record as a trusted custodian aligns perfectly with our goal of offering institutions seamless, secure, and transparent access to the Plume ecosystem. This integration will provide our users with the confidence to engage with DeFi on a larger scale than ever before.”
As noted in the update, Plume Network is described as the “full-stack” L1 RWA Chain and ecosystem purpose-built for RWAfi, enabling the 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 a tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables DeFi integration for RWAs so anyone can “tokenize real world assets, distribute them globally, and make them useful for native crypto users.”
