Plume Network uses FireBlocks to unlock institutional access to Defi and RWA yields.
Alisa Davidson
Post: January 31, 2025 4:27 AM Update: January 31, 2025 4:27 AM
Edit and fact confirmation: January 31, 2025 4:27 am
simply
Plume Network has partnered with Fireblocks to improve the products of institutions looking for safe, expandable and transparent dip solution.
Modular blockchain platform Plum Network, which focuses on real assets (RWAS), has partnered with FireBlocks, an enterprise rating platform that provides infrastructure for publishing digital assets. This collaboration aims to improve the offering of Plume Network for institutions that want safe, expandable and transparent de -financing (Defi) solutions.
FireBlocks is famous for its safe infrastructure that facilitates the movement, storage and publication of digital assets. This platform helps financial institutions such as exchanges, managers, banks, trading desks and hedge funds help to expand digital assets with high levels of security.
Plume Network aims to support the development and success of Plume ARC, a flummer product, by integrating the infrastructure and manager solutions of Fireblocks. Plume ARC is designed to provide a safe, efficient and user -friendly interface for institutions that want to participate in the Defi protocol. This solution aims to reduce the barriers to entry and simplify the process so that the institution can easily board, manage and distribute capital in the Plume ecosystem.
Users of FireBlocks take advantage of RWA yield opportunities within the Plume Network Ecosystem.
This integration allows institutional users of the FireBlocks platform to access the RWA (RALLD ASSET) yield in the Plume ecosystem. This opportunity provides a new way for asset managers, hedge funds and other institutions, providing a variety of yields that are not related to the cryptocurrency market. Integration effectively connects the gap between the distributed financial (Defi) and the traditional finance, providing a soft path to participate in chain activities while the institution manages the dangerous profile.
Chris Yin, the CEO of Plume Network, explained that it is a natural choice of the platform because Fireblocks has gained a reputation as a reliable manager. He emphasized that integration matches the goal of providing a smooth, safe and transparent approach to the agency. According to him, this cooperation will be convinced that institutional users will participate in Defi at much larger size at any time.
Plume Network is a public layer 1 block chain designed for RWAFI (REAFI), which facilitates adoption and integration of actual assets led by demand. More than 180 projects in the current network provide a composable EVM compatible environment that enables on boarding and management of various real assets.
Recently, the platform has launched a default feather token and can be used in major distributed and central replacement exchange such as BYBIT, BITGET, KUCOIN and GATE.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More