Tuesday Brief: RWA Market News Block
YZi Labs invests in Plume network to expand RWA adoption; Ethena Labs, Securitize partner to accelerate RWA implementation; Sky/MakerDAO invests $1B into tokenized Treasury products.
YZi Labs Invests in Plume Network to Advance RWA Adoption in Blockchain
YZi Labs, formerly Binance Labs, has announced its investment in Plume Network (PLUME), a blockchain platform designed to streamline real-world asset (RWA) adoption. The strategic move reinforces the growing demand for blockchain infrastructure that seamlessly integrates traditional finance with decentralized finance (DeFi).
Plume Network operates as an Ethereum Virtual Machine (EVM)-compatible blockchain, enabling a wide range of asset issuers to tokenize and interact with various financial instruments, carbon credits, GPUs, and digital collections. By leveraging its composable ecosystem, Plume facilitates trading, lending, borrowing, and asset exchange, making RWAs as accessible as any digital token.
Plume aims to remove long-standing infrastructure barriers that have hindered the broader acceptance of tokenized assets beyond stablecoins. With its modular design and seamless integration capabilities, Plume is set to accelerate RWA finance (RWAfi) adoption, bringing real-world assets onto the blockchain for increased accessibility and efficiency.
Ethena Labs and Securitize Launch Converge Blockchain to Accelerate RWA Adoption
The tokenization of real-world assets (RWAs) is gaining momentum with the latest collaboration between Ethena Labs and Securitize. The two blockchain innovators have unveiled Converge, a new Ethereum Virtual Machine (EVM)-compatible network specifically designed to support the growing demand for RWA integration.
The cutting-edge blockchain will serve as the foundation for Ethena Labs' stablecoins, USDe and USDtb, providing a dedicated ecosystem tailored for seamless asset tokenization. The launch of Converge aligns with the increasing interest from institutional investors, who are drawn to the efficiency and transparency of blockchain-powered financial solutions.
As traditional markets continue to recognize the advantages of tokenized assets, Converge aims to bridge the gap between conventional finance and blockchain technology. With 24/7 settlement times, improved liquidity, and enhanced security, the platform is expected to facilitate broader institutional adoption of RWAs.
Sky’s $1B Investment Fuels Growth of Tokenized Treasury Products in DeFi
Sky, the rebranded MakerDAO initiative, is making a bold move to advance real-world asset (RWA) tokenization with a $1 billion investment in tokenized U.S. Treasury products. The funds will be distributed among top-performing issuers, including BlackRock-Securitize’s BUIDL ($500 million), Superstate’s USTB ($300 million), and Centrifuge’s JTRSY ($200 million). These selections were made after a rigorous evaluation of 39 applicants by Steakhouse Financial, a DeFi advisory firm specializing in RWAs.
The strategic allocation aims to enhance liquidity and capital efficiency on Spark, a Sky-adjacent DeFi lending platform, and could pave the way for these assets to serve as collateral for Sky’s USDS stablecoin and its yield-bearing version, sUSDS. Pending governance approval, these tokenized Treasury assets will further integrate traditional finance with blockchain-based systems.
Sky’s commitment to investing in tokenized U.S. Treasuries aligns with the broader trend of institutional adoption of blockchain-based financial instruments. With increasing interest from major asset managers, the DeFi sector is witnessing a transformative shift, bridging the gap between traditional markets and decentralized finance.
Find more RWA market news and analysis at foretoken.co/