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YZi Labs Backs $PLUME, Its First RWA-Focused Blockchain Project

YZi Labs, formerly known as Binance Labs, has announced an investment in Plume Network, a blockchain platform designed specifically for Real World Assets (RWAs) and identified by the ticker $PLUME
By: DeepNewz • March 17, 2025
YZi Labs Backs $PLUME, Its First RWA-Focused Blockchain Project

YZi Labs, formerly known as Binance Labs, has announced an investment in Plume Network, a blockchain platform designed specifically for Real World Assets (RWAs) and identified by the ticker $PLUME. Plume Network aims to create an EVM-compatible environment that facilitates the integration of various RWAs into a composable ecosystem, utilizing Arbitrum Orbit for its EVM chain and Celestia for data availability.

This investment marks YZi Labs' first foray into funding a blockchain dedicated solely to RWA finance (RWAFI). Plume Network is currently in its private testnet phase and has attracted over 80 RWA and DeFi projects to build on its infrastructure.

The funding is expected to help Plume Network scale its operations, expand into emerging markets, and onboard more financial institutions, thereby solidifying its position in the RWAfi ecosystem.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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