Plume Network, the pioneering full-stack Layer 1 RWA (Real World Asset) blockchain, has announced a significant expansion of its cross-chain ecosystem with the upcoming launch of SkyLink across 16 blockchain networks. This milestone arrives at a pivotal moment, as the total on-chain value of RWAs has surged to nearly $17 billion over the past year, positioning them among the fastest-growing segments in the Web3 space.
SkyLink, Plume Network’s advanced interoperability solution, is designed to facilitate secure and seamless cross-chain RWA yield distribution. The initial deployment will include networks such as Solana, Movement, Injective, Omni Network, Zircuit, Ape Chain, Core, Polyhedra, Gravity by Galxe, Merlin, Xion, Rome, Echelon, D3, Hemi, and Memento.
With this expansion, users across these networks can now effortlessly access institutional-grade RWA yields, which will be streamed directly to their wallets through SkyLink’s mirrored YieldTokens. This solution leverages LayerZero’s SyncPools technology, enabling smooth omnichain operations.
The introduction of SkyLink’s mirrored tokens plays a crucial role in ensuring that the total value locked (TVL) remains securely anchored on the originating chain. This not only preserves liquidity but also enhances the overall value and stability of each participating blockchain network.
“The growth of the RWA sector depends on the collaborative efforts of diverse blockchain ecosystems, each contributing unique strengths to build a robust cross-chain infrastructure,” said Teddy Pornprinya, Co-founder of Plume Network. “By aligning with these networks, we’re establishing the foundation for an interoperable RWA landscape where institutional-grade yields are easily accessible across any chain or rollup.”
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The traditional financial market, valued at over $100 trillion across commodities, bonds, and stocks, presents a vast opportunity for tokenization. While RWA tokenization has witnessed impressive growth, the industry has faced challenges in efficiently distributing yields across different blockchain ecosystems. Plume Network’s expansion seeks to address this gap by providing a unified solution that ensures frictionless yield distribution.
By integrating with LayerZero, SkyLink creates unified pools featuring cross-chain mint and burn functionalities. This allows for the effortless issuance and redemption of YieldTokens across various blockchain networks while upholding Plume’s commitment to robust asset custody and compliance standards.
Key benefits of this integration include:
- Continuous yield streaming across supported blockchain networks
- Permissionless access to institutional-grade RWA yields
- Native composability of yield-bearing tokens within DeFi applications
- Standardized compliance and security measures across all chains
“Looking ahead to 2025, we believe multi-chain interoperability will be crucial in unlocking the next phase of RWA adoption,” added Jason Meng, Head of Business Development at Plume Network. “Our goal is to make Plume the hub for cross-chain RWAfi yield distribution, supporting the growing demand for real world asset exposure in DeFi. We are actively seeking to integrate new networks to expand this ecosystem further.”