Finance
Plume Opens Onchain Door to Fidelity’s $28B Bond Giant
Plume opened an onchain vault tied to Fidelity’s roughly $28B bond ETF, but just $48 was onchain shortly after launch.
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Plume Network is a public Layer 1 blockchain designed to tokenize real-world assets (RWAs) and integrate them into the decentralized finance (DeFi) ecosystem. It offers an EVM-compatible environment, enabling seamless onboarding and management of diverse RWAs, such as real estate, commodities, and private credit. The network emphasizes compliance by integrating Anti-Money Laundering (AML) measures at the chain level, ensuring regulatory alignment across all transactions. The native PLUME token serves multiple functions, including liquidity provision, staking for network security, and governance rights for token holders. With a maximum supply of 10 billion tokens and a deflationary model, Plume aims for long-term value sustainability. Additionally, pUSD, Plume's fully backed stablecoin, is used for payments, trading, and as collateral within the RWAfi ecosystem.
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Plume opened an onchain vault tied to Fidelity’s roughly $28B bond ETF, but just $48 was onchain shortly after launch.
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