Plume Network Launches Plume Genesis Mainnet, Unlocking Real-World Asset Finance with $150 Million in Deployed Assets

Plume Network, a Layer-1 blockchain designed specifically for real-world asset finance (RWAfi), officially launched its public mainnet, Plume Genesis, on June 5, marking a significant step in bridging traditional finance with decentralized ecosystems. Alongside the mainnet, the native PLUME token has gone live, enabling users to pay gas fees, stake, participate in governance, and access a range of ecosystem features. With $150 million in real-world assets already deployed, Plume is positioning itself as a key player in the tokenization of diverse asset classes, from government bonds to private credit funds.

Mainnet Launch and PLUME Token Functionality

The Plume Genesis mainnet introduces a robust infrastructure tailored for RWAfi, allowing users to engage with tokenized assets through the Plume website. Core features include access to yield-bearing RWAfi assets such as U.S. Treasury bonds, money market funds, yield-backed stablecoins, and institutional-grade private credit funds. Moreover, Plume aims to bring billions of dollars in real-world assets onchain, including diverse assets such as solar farms, Medicaid claims, mineral rights, consumer credit, and corporate debt to enhance the growing RWA sector, while competing with leading firms like Ondo and Securitize. The PLUME token serves as the backbone of the ecosystem, facilitating transactions and enabling users to stake for network security and governance participation.

A standout feature is the Royco Vaults, where users can deposit assets to earn both native yield and additional decentralized application (dApp) rewards. This dual-reward system aims to incentivize user participation while providing exposure to high-quality financial instruments. Additionally, Plume’s Skylink infrastructure enables cross-chain interoperability, allowing RWA yields to flow across more than 20 blockchain networks, enhancing liquidity and accessibility for tokenized assets.

$150M in Assets and Strategic Funding

According to Plume, the Plume Genesis mainnet launched with over $150 million in tokenized real-world assets on its first day. Plume has also secured partnerships with institutional giants such as Superstate, Blackstone, and Invesco, and has introduced over 200 onchain projects. This milestone builds on the network’s earlier announcement in September 2024 to tokenize $1.25 billion in assets, signaling steady progress in its mission to bring diverse asset classes onchain.

The project is backed by $150 million in funding from prominent investors, including YZi Labs and Apollo Funds, providing a strong financial foundation to scale its operations. Plume plans to expand its ecosystem in the coming months by introducing new asset categories, such as tokenized art and precious metals, further diversifying its RWAfi offerings.

Ecosystem Incentives and Community Engagement

To drive adoption, Plume has rolled out Season 2 of its airdrop program, rewarding users with Plume Points for onchain activities within the ecosystem. The initiative includes exclusive perks for consistent engagement, such as yield opportunities through Royco Protocol and other partners. Additionally, Plume reopened claims for its Season 1 airdrop, allowing users to unlock PLUME tokens and access staking, swapping, borrowing, and lending functionalities.

However, Plume’s airdrop unlock mechanism has sparked community backlash. Community members have expressed frustration over new rules stating that early participants can currently unlock only 20% of their airdrop rewards, with the remaining tokens requiring trading activity on the Plume mainnet to be unlocked.

The price of Plume’s native token PLUME remained relatively stable, declining by 2.6% within 24 hours following the mainnet launch announcement, as of the time of reporting.