XION AND PLUME BRINGING CHAIN ABSTRACTION TO REAL-WORLD ASSETS
The integration is set to drive more users and liquidity to Real-World Assets (RWAs) than ever before, broadening access to tokenizing, trading, lending and borrowing of RWAs.
XION is bringing Chain Abstraction to Real-World Assets (RWAs) through its integration with Plume Network, the first modular L2 blockchain purpose-built to bring RWAs on-chain. This integration is set to drive more users and liquidity to RWAs than ever before by simplifying access to a variety of RWA use-cases.
XION has been rapidly expanding its Chain Abstraction solution across numerous major networks, including Solana, BNB Chain, AVAX, SAGA, Injective, Neutron, and MultiversX. With the Plume integration, the RWA ecosystem will onboard its biggest wave of users by leveraging XION’s simplified Web3 UX, ecosystem of apps, expansive network of integrated chains, and active user base of over 3.5 million users. The XION ecosystem will also gain access to Plume’s 3.5 million users, 150+ applications, and a wide range of RWA features and functionalities, including easy RWA tokenization, trading, lending and borrowing.
Plume Overview
Plume democratizes access to investment opportunities traditionally reserved for accredited and larger investors by simplifying the process of bringing RWAs on-chain. The network offers users a platform to buy, sell, borrow, and lend tokenized versions of virtually any physical asset, from coveted sneakers to prime real estate.
Plume, currently in its testnet phase, has more than 150 applications within its ecosystem, has recorded over 200 million transactions, and onboarded 3.5 million active users. The platform's powerful compliance tools enable projects to operate within regulated environments, attracting more capital. Plume is backed by leading investors in the industry, including Haun Ventures, Galaxy Digital, Superscrypt, Portal Ventures, A Capital, and SV Angel.
Democratizing Financial Opportunities With Chain Abstraction
XION's integration with Plume is set to transform the Real World Asset (RWA) landscape by significantly expanding market accessibility. As RWAs rapidly gain prominence as an emerging asset class, ensuring broad accessibility becomes increasingly crucial. The combined power of XION's Chain Abstraction technology and Plume's RWA functionalities will enable a diverse array of users to engage with a wide range of RWA use-cases seamlessly, effectively dismantling the barriers that have historically limited participation in this market.
The integration with XION highlights the growing importance of improving user experiences and lowering barriers to entry in the RWA sector to improve liquidity and create more opportunities for all users. XION's Chain Abstraction solution complements Plume’s vision by providing the user-friendly infrastructure necessary for tokenized assets to be accessible to all users while flowing seamlessly across all interconnected ecosystems.
"Plume's goal of expanding access to the RWAfi ecosystem becomes easier with chain abstraction. Our collaboration with XION allows everyone to benefit from the immense potential of tokenized real-world assets. We're both expanding the market opportunity and democratizing access to all users," says Teddy Pornprinya, Co-Founder of Plume
Leveraging XION’s Chain Abstraction solution will allow users and liquidity to flow freely between the Plume and XION ecosystem. The integration will benefit XION's users, developers, and applications as they gain exposure to a new asset class, opening doors to innovative financial products and services. XION’s position as a leading L1 blockchain with a powerful Chain Abstraction solution aimed at solving both distribution and fragmentation issues within the industry is further reinforced as the democratization of investment opportunities in the physical world is expected to drive increased adoption of Web3.
Driving Web3 Adoption By Creating New Opportunities
Industry forecasts suggest that tokenized RWAs could burgeon into a market worth $10 trillion by 2030, underscoring the immense opportunity this asset class presents. This also means that it is imperative to democratize access to these assets, ensuring that individuals can participate regardless of their technical proficiency in Web3 technologies.
In this context, the role of chain abstraction becomes paramount. By simplifying the intricate aspects of blockchain technology, chain abstraction serves as a bridge, enabling a broader spectrum of investors and builders to engage with and benefit from the burgeoning RWA market. This technological advancement is key to unlocking the full potential of RWAs, as it lowers the barrier to entry for those who may be deterred by the complexities traditionally associated with blockchain and cryptocurrency investments.
About Plume
Plume is the first fully integrated and modular chain focused on RWAfi. They’ve built the first modular and composable RWA-focused EVM-compatible chain designed to simplify onboarding for all types of assets and streamline capital onboarding through native infrastructure and RWAfi-specific features unified chain-wide. For the first time, Plume is enabling a composable ecosystem of defi built around RWAfis with an integrated end-to-end tokenization engine and a network of financial infrastructure partners for builders to plug and play.