Plume Network Expands Cross-Chain RWA Yield Access with SkyLink Across Multiple Blockchain Networks

Plume Network Expands Cross-Chain RWA Yield Access Using SkyLink

In a significant advancement for the crypto-economy, Plume Network, recognized as the pioneering full-stack Layer 1 Real World Asset (RWA) Chain, has unveiled exciting developments regarding its cross-chain ecosystem. The network is set to deploy its innovative solution, SkyLink, across 16 blockchain networks. This initiative emerges during a period of remarkable growth for Real World Assets, whose total on-chain value surged to nearly $17 billion in the previous year, solidifying RWA as one of the most rapidly expanding sectors within the Web3 landscape.

SkyLink acts as an interoperability solution, enabling secure and streamlined yield distributions for RWAs across various blockchain systems. Initial integrations will include popular networks such as Solana, Movement, Injective, Omni Network, and others, expanding the capabilities for users to access institutional-grade RWA yields. Through SkyLink’s mirrored YieldTokens, users can receive these yields directly in their wallets, enhancing user experience and access.

This unique technology operates based on LayerZero’s SyncPools, ensuring a seamless omnichain functionality. The introduction of mirrored tokens guarantees that the total value locked (TVL) remains secured on the original blockchain, preserving liquidity and reinforcing the individual value of each network involved.

As Teddy Pornprinya, Co-founder of Plume Network, articulated, the collaborative nature of various blockchain ecosystems is crucial for the sustained growth of the RWA sector. “By aligning with these networks, we're laying down the groundwork for an interoperable RWA landscape where institutional-grade yields are readily available across any chain or rollup,” he noted.

The traditional financial markets comprise over $100 trillion in commodities, bonds, and equities, highlighting a tremendous opportunity for tokenization. Despite this potential, the capacity to distribute yields across different blockchain networks has often been fragmented. SkyLink is addressing this issue by integrating directly with LayerZero, creating unified pools that accommodate minting and burning functions across chains. This allows for seamless issuance and redemption of YieldTokens while maintaining robust asset custody and adherence to compliance regulations.

The significance of this initiative extends beyond mere yield distribution; it also promises continuous yield streaming across supported networks and permissionless access to high-quality RWA yields. Moreover, native composability for these yield-bearing tokens supports their utilization across decentralized finance (DeFi) applications, ensuring a smooth integration into contemporary financial structures.

Jason Meng, Head of Business Development at Plume Network, emphasized that multi-chain interoperability is vital for advancing RWA adoption in the coming years. He stated: “Our objective is to establish Plume as the central hub for cross-chain RWA yield distribution, catering to the escalating appetite for exposure to real-world assets in DeFi.” Plume Network is actively pursuing collaborations to further expand this ecosystem.

Plume Network stands at the forefront of changes within the blockchain framework, providing a differentiating environment aimed specifically at Real World Asset Finance (RWAfi). With over 180 projects actively utilizing its platform, it offers an EVM-compatible space conducive to onboarding and managing diverse RWAs. The network boasts an end-to-end tokenization engine paired with a robust network of financial partners, which simplifies the process of asset onboarding and ensures ease of integration into DeFi ecosystems. This holistic approach empowers users to tokenize real-world assets, disseminate them globally, and make them functionally relevant within the crypto sphere.

For those actively participating in decentralized finance and looking to capitalize on the burgeoning RWA market, Plume Network’s expansion represents a critical milestone. By addressing the current gaps in cross-chain functionalities and streamlining access to high-quality yields, Plume Network is undoubtedly paving the way for a more integrated future within the DeFi sector.

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