YZi Labs Announces Investment in Plume Network

BlockBeats News, March 17th, YZi Labs announced an investment in Plume Network, aiming to bring real-world assets onto the blockchain and advance RWAfi. Plume is building an EVM-compatible environment that can not only introduce a diverse range of RWAs but also connect them to a composable RWAfi ecosystem, giving them practicality.

With this new funding, Plume will further scale up, consolidating its leadership position in the RWAfi ecosystem. Plume will also continue to increase its presence and impact in emerging markets and consistently onboard more financial institutions.

Plume's mission is to tailor blockchain infrastructure to crypto-native users and institutions. Having successfully completed a testnet with over 18 million wallets and partnered with over 180 protocols, Plume is not only bringing the real world onto the blockchain but also bridging the gap between decentralized finance (DeFi) and traditional finance, aiming to unlock the full potential of RWAfi.