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XION Integrates with Plume to Bring Chain Abstraction Technology to RWA

XION Integrates with Plume to Bring Chain Abstraction Technology to RWA

BlockBeatsBlockBeats2024/09/06 07:21
By:BlockBeats

By integrating Plume, XION introduces chain abstraction technology for RWA, driving user growth and liquidity, and simplifying RWA tokenization, trading, and lending operations.

Original source: XION

XION has partnered with Plume Network to introduce 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 partnership 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, more than 150 applications, including convenient RWA tokenization, trading, lending and other rich features.


Overview of Plume


Plume simplifies the process of bringing real assets on-chain, making investment opportunities that were previously limited to large investors open to the public. The network provides users with a platform where they can buy, sell, and borrow almost any tokenized physical asset, whether it is 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


XION's collaboration with 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 has become increasingly important. XION's chain abstraction technology combined with Plume's RWA capabilities enables all types of users to seamlessly participate in a rich set of RWA use cases, breaking the previous limitations of market participation.


This collaboration highlights the importance of improving user experience and lowering barriers to entry in 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.


Plume co-founder Teddy Pornprinya said: "Through chain abstraction technology, Plume's RWAfi ecosystem access is easier. The partnership with XION enables everyone to benefit from the huge potential of tokenized real-world assets. We are not only expanding market opportunities, but also providing more universal access for all users."


With XION's chain abstraction solution, users and funds can switch seamlessly between the Plume and XION ecosystems. The cooperation between Plume and XION will enable users, developers and ecological applications to access and 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.


Creating new opportunities and promoting Web3 applications


Industry forecasts show that the market size of tokenized real-world assets (RWA) could grow to $10 trillion by 2030, highlighting the huge opportunities inherent in this asset class. This also means that access to these assets must be universal, ensuring that individuals can participate regardless of their Web3 technical level.


Against this backdrop, 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 as it lowers the barrier to entry and allows those who find cryptocurrencies and blockchains complex to join easily.


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 for various types of assets and enable efficient introduction of capital through native infrastructure and RWAfi-specific functions. Plume is the first to provide 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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This article comes from a contribution and does not represent the views of BlockBeats

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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