Plume Network has officially launched its Genesis mainnet, marking a major step toward merging decentralized finance (DeFi) with real-world assets (RWAs). The rollout comes after a successful Alpha phase, during which over $150 million in RWA capital was deployed on-chain.
The new mainnet, unveiled on June 5, is purpose-built for what Plume calls “RWAfi”—a decentralized financial system where tokenized real-world assets can function as seamlessly and flexibly as traditional crypto. The network is already home to more than 200 projects, including collaborations with major DeFi players like Morpho, Curve, and Matrixdock.
“RWAfi reimagines real-world assets as composable, yield-bearing primitives that behave like crypto,” said Chris Yin, co-founder and CEO of Plume. “By introducing new DeFi use cases to institutional-grade assets, we’re making RWAs as easy to use as any other crypto asset.”
A standout feature of the mainnet is Nest, Plume’s native protocol. Nest enables users to stake stablecoins into institutional-grade vaults, receiving yield-generating RWA tokens in return. These tokens can then be reused as collateral to borrow more stablecoins, showcasing the full loop of DeFi composability now extended to real-world assets.
Plume’s ambitions don’t stop there. The company is preparing to expand into a variety of asset classes including fine art, precious metals, collectible trading cards, and even uranium. The broader goal is to create an ecosystem where any tangible asset can be tokenized, yield-bearing, and fully operable within DeFi.
According to co-founder and Chief Business Officer Teddy Pornprinya, this launch comes at a strategic moment when regulatory clarity around tokenized assets is improving.
“With global regulatory headwinds for crypto ceasing, for the first time, institutions can safely access tangible yield-bearing assets at scale,” he noted. “As these assets become a key focal point for regulators, we’re building the infrastructure to make them a bridge to mainstream adoption.”
To support this vision, Plume has been actively engaging with regulators in the U.S., Europe, and the United Arab Emirates. Meetings have included officials from the U.S. Department of the Treasury and the Securities and Exchange Commission, underscoring the company’s commitment to regulatory alignment.
