Original source: XION
XION has partnered with Plume Network to bring chain abstraction technology to the RWA space. Plume is the first modular L2 built on the RWA chain. This collaboration is expected to bring more user growth and liquidity to RWA by simplifying access to multiple RWAs.
XION’s chain abstraction solution has rapidly expanded to multiple networks such as Solana, BNB Chain, AVAX, SAGA, Injective, Neutron, and MultiversX. XION’s simplified Web3 user experience, rich application ecology, extensive chain integration network, and more than 3.5 million active users, coupled with the cooperation with Plume, will bring massive user growth to the RWA ecosystem. At the same time, the XION ecosystem will also gain Plume’s 3.5 million users and more than 150 applications, including convenient RWA tokenization, trading, lending and other rich functions.
Plume Overview
Plume simplifies the process of bringing real-world assets onto the blockchain, making investment opportunities that were previously limited to large investors available to the public. The network provides users with a platform to buy, sell, and borrow nearly any tokenized physical asset, whether it’s a designer sneaker or prime real estate.
Plume is currently in the testnet stage, with more than 150 applications in the ecosystem, more than 200 million transaction records, and 3.5 million active users. The platform’s powerful compliance tools enable projects to operate in a regulated environment and attract more capital. Plume is supported by industry-leading investors such as Haun Ventures, Galaxy Digital, Superscrypt, Portal Ventures, A Capital, and SV Angel.
Promoting inclusive finance through chain abstraction technology
The collaboration between XION and Plume will revolutionize the RWA market and greatly expand market access. With the rapid rise of RWA as an emerging asset class, ensuring broad accessibility becomes increasingly important. XION’s chain abstraction technology combined with Plume’s RWA functionality enables all types of users to seamlessly participate in a rich set of RWA use cases, breaking the limitations of previous market participation.
This collaboration highlights the importance of improving user experience and lowering barriers to entry for the RWA industry, thereby increasing market liquidity and creating more opportunities for all users. XION’s chain abstraction solution complements Plume’s vision, providing the infrastructure to make tokenized assets open to all users and enable free flow across the ecosystem.
Teddy Pornprinya, co-founder of Plume, said: “Through chain abstraction technology, Plume’s RWAfi ecosystem is more accessible. Partnering with XION enables everyone to benefit from the huge potential of tokenized real-world assets. We are not only expanding the market opportunity, but also providing more universal access for all users.”
With XION’s chain abstraction solution, users and funds can seamlessly switch between the Plume and XION ecosystems. The collaboration between Plume and XION will allow users, developers, and ecosystem applications to benefit from new asset classes and innovative financial products and services. As a leading L1 blockchain, XION’s chain abstraction technology solves the distribution and fragmentation problems within the industry, while promoting the popularization of real-world investment opportunities and the large-scale application of Web3.
Create new opportunities and promote Web3 application
Industry forecasts suggest that the tokenized real-world asset (RWA) market could grow to $10 trillion by 2030, highlighting the massive opportunity this asset class represents. This also means that access to these assets must be democratized, ensuring that individuals can participate regardless of their Web3 skill level.
In this context, the importance of chain abstraction technology has become increasingly prominent. By simplifying the complexity of blockchain technology, chain abstraction opens the door for more investors and developers to participate in and benefit from the growing RWA market. This technological advancement is key to unlocking the full potential of RWA because it lowers the entry barrier and allows those who find cryptocurrency and blockchain complex to easily join.
About Plume
Plume is the first fully modular integrated chain focused on RWAfi. It has built the first modular and composable EVM-compatible chain focused on RWA, aiming to simplify the on-chain process of various assets and enable efficient introduction of capital through native infrastructure and RWAfi-specific functions. For the first time, Plume provides a composable solution for the DeFi ecosystem built around RWAfi, integrating a full-process tokenization engine and a network of financial infrastructure partners for developers to plug and play.
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