Midas, an open web institutional-grade digital assets platform, is proud to partner with Plume Network. This Layer 1 protocol highlights the utilization of Real World Assets (RWAs). This partnership would seek to onboard institutional-quality investments into the decentralized finance space using Plume’s strong core.
We’re proud to announce integration with @plumenetwork, an L1 focused on the adoption of Real World Assets.
Midas’ products will launch on the Plume mainnet, bringing institutional-grade assets to the open web. pic.twitter.com/E2XBztPL5T
— Midas (@MidasRWA) January 3, 2025
Midas products will start on the Plume mainnet, hence opening dawn for tokenized RWAs and other ventures like real estate, commodities, and revenue streams to embrace the accessibility, liquidity, and efficiency of tokenization. This integration highlights the increasing necessity for the convergence of CeFi and DeFi and to attain maximal utilization of blockchain technology.
Plume Network: The Backbone of Real World Asset Adoption
Plume Network has identified itself as a key actor in tokenizing RWAs, recently raising $20mln in a Series A funding round backed by influential crypto and conventional finance investors. Plume is virtually unrivaled in scalability and composability, with over 180 decentralized applications (dApps) and a testnet that generated 3.75 million users and 265 million transactions.
The network aims to enhance an on-chain experience for DeFi protocols, connect them to RWAs, and encourage fin-tech advancements in using blockchain.
Benefits of the Partnership
The partnership between Midas and Plume Network brings several significant benefits:
Ecosystem Access
Midas products are becoming integrated into the ever-evolving Plasm ecosystem of over 180+ dApps, boosting engagement and development.
Enhanced Composability
The integration drives greater compatibility of Midas with DeFi protocols that underpin RWAs for institutional investors and developers.
Proven Network Performance
These testnet statistics prove Plume’s scalability and, therefore, a ready solution to support Midas’ institutional services.
This collaboration also marks a progression for the platform in accomplishing its vision to revolutionize the world by decentralizing a new generation of complex financial products using blockchain while embracing conventional investment values.
A Significant Leap for DeFi and Blockchain Finance
Introducing Midas products to the Plume mainnet is expected to transform how institutional assets are operated and accessed on the DeFi market. This move shows that traditional and decentralized finance gradually integrate as more technology and partnerships evolve.
Midas reiterates that it is not just about technology connections but about ensuring the correct ecosystem for institutional and retail clients regarding the next generation of blockchain projects.
Midas-issued tokens cannot be accessed, purchased, or used by a user based in the US, UK, or any other restricted country. It represents a significant milestone for the blockchain industry, as this approach represents how the tokenization of RWAs holds the potential to change the financial industry for the better.
More updates are coming soon on how Midas products are being rolled out on the Plume mainnet to transform the DeFi ecosystem for the better.
