Ondo Finance and Plume Network have announced a strategic partnership to advance Real-World Asset Finance (RWAfi) by integrating Ondo’s tokenized U.S. Treasuries products into Plume’s blockchain ecosystem.
Key Highlights:
- Integration of USDY: Ondo’s United States Dollar Yield (USDY), a tokenized U.S. Treasuries-backed yield coin offering a 4.65% annual percentage yield (APY), will be natively issued on Plume Network.
- Enhanced Accessibility: This collaboration aims to provide global (non-U.S.) individual and institutional investors with streamlined access to stablecoin utility combined with yield generation secured by U.S. Treasuries.
- Ecosystem Growth: Plume Network, a modular layer-1 blockchain designed for RWAfi, supports over 180 projects in development, offering a secure and efficient platform for real-world asset tokenization.
Statements from Leadership:
- Chris Yin, CEO of Plume Network: “Integrating Ondo into our ecosystem allows us to offer investors a comprehensive platform for investment diversification across various RWAs, further accelerating the development process for RWAfi-focused entities.”
- Katie Wheeler, VP of Partnerships at Ondo: “Plume is creating a network effect of opportunities for RWA issuance, and having a composable, yield-bearing asset to power this economy is a boon for both the asset utility and the ecosystem as a whole.”
This partnership underscores a shared commitment to making institutional-grade financial products more accessible by combining blockchain technology with traditional finance practices, including investor protections and compliance.
