NEW YORK,
Dec. 17,
2024 /PRNewswire/ -- Plume, the first modular and
composable layer-1 blockchain network purpose-built for real world
asset finance (RWAfi), today announced a strategic partnership with
DigiFT, the first exchange for on-chain real-world assets to be
licensed by the Monetary Authority of Singapore (MAS). This collaboration will
expand the availability of regulated digital assets within Plume's
RWAfi ecosystem, providing enhanced access to institutional-grade
tokenized investment opportunities for global investors.
A cornerstone of this partnership is providing
access to uMINT, UBS Asset Management's first tokenized money
market fund, on Plume. Built on Ethereum distributed
ledger technology and issued under UBS Tokenize, uMINT represents a
significant milestone in delivering next-generation investment
solutions for a variety of global investors.
DigiFT operates as a Recognised Market Operator
(RMO) and holds a Capital Markets Services (CMS) license from MAS,
authorizing it to deal in securities and units in collective
investment schemes. The platform facilitates the primary issuance
and secondary trading of asset-backed tokens, providing investors
with secure and transparent access to tokenized financial
products.
"Connecting institutional assets seamlessly with
DeFi is a key part of our RWAfi vision. Through
DigiFT's regulated rails, we can bring battle-tested institutional
products like UBS's money market fund directly to DeFi
users and protocols," said Chris
Yin, CEO of Plume Network.
The partnership reflects both organizations'
shared commitment to bringing institutional-grade investment assets
on-chain, streamlining the investment process for Web3 companies
and on-chain organizations seeking secure, compliant, and
high-quality assets.
"This partnership with Plume marks a significant
step in advancing the adoption of regulated, institutional-grade
assets on-chain. By providing access to products like UBS's uMINT,
we are enabling investors to benefit from secure, compliant, and
transparent opportunities within the evolving digital asset
landscape," said Henry Zhang, CEO of
DigiFT.
About Plume
Plume is the first fully
integrated L1 modular blockchain focused on RWAfi, offering a
composable, EVM-compatible environment for onboarding and managing
diverse real-world assets. With 180+ projects on its private
devnet, Plume provides an end-to-end tokenization engine and a
network of financial infrastructure partners, simplifying asset
onboarding and enabling seamless DeFi integration for
RWAs. Learn more at plumenetwork.xyz or contact
press@plumenetwork.xyz.
About DigiFT
DigiFT is the first
regulatory-compliant exchange for on-chain real-world assets to be
licensed by the Monetary Authority of Singapore as a Recognised Market Operator and
Capital Markets Services provider. DigiFT enables asset owners,
particularly financial institutions, to issue blockchain-based
security tokens that investors can trade with continuous liquidity
using an Automated Market Maker (AMM).
Learn more at digift.sg or contact
media@digift.com.sg
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SOURCE Plume Network
