Plume Network has entered into a strategic partnership with Ondo Finance to expand the RWAfi ecosystem through the tokenization of US Treasury Bonds.

By: blockbeats|2024/12/31 11:15:04
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Source: Plume Network

Ondo Finance is known for its institution-grade financial products on the blockchain, while Plume Network is the first fully-integrated and modular Layer-1 blockchain designed for Real World Asset finance (RWAfi). The two have now announced that they will expand the use cases of RWAfi by issuing Ondo's tokenized U.S. Treasury bond product on the Plume Network, including the USD Yield (USDY)—Ondo's yield-bearing coin based on U.S. Treasury bonds.

This collaboration combines Ondo's expertise in institutional DeFi products and asset management with Plume's blockchain infrastructure tailored for RWA projects, protocols, and capital providers. The partnership aims to streamline access to RWA and simplify capital integration through RWAfi-specific features. Currently, the total value locked (TVL) of USDY across 8 blockchains exceeds $450 million, offering a 4.9% Annual Percentage Yield (APY) and will enable global (non-U.S.) users and institutional investors on Plume to benefit from the combination of stablecoins with U.S. Treasury bond yield generation.

Accelerating RWAfi Adoption

Plume has emerged as a pioneer in the RWAfi space, facilitating asset tokenization and directly integrating capital and compliance providers into its blockchain infrastructure. Plume currently supports over 180 in-development RWAfi projects, providing a secure and cost-effective ecosystem for entities and asset issuers focusing on RWAfi.

Chris Yin, CEO of Plume, stated, "Plume's mission is to build a composable financial ecosystem, making transactions of real-world assets seamless, integrating Ondo into our ecosystem allows us to offer investors a comprehensive platform to support diversified investments across various RWAs, further accelerating the development of RWAfi-focused entities."

Enhancing Accessibility and Compliance

Ondo Finance is committed to making institution-grade financial products and services accessible to everyone. By combining blockchain technology with best practices of traditional finance—encompassing investor protection, transparency, legal, and regulatory compliance—Ondo develops and manages tokenized financial products while building a decentralized financial protocol.

This collaboration will focus on expanding the use case of USDY within RWAfi, introducing a composable, yield-generating asset into the nascent RWA ecosystem, creating new opportunities for users and issuers.

Ondo's Partner and Vice President, Katie Wheeler, stated, "We are excited to integrate our US Treasury Bond product into the Plume ecosystem, given Plume Network's significant success in driving RWAfi. Plume is creating a network effect for RWA issuance, and a composable, yield-generating asset can provide strong incentives for this economic system. This not only enhances the asset's utility but also brings immense benefits to the entire ecosystem."

Integration of Established RWAfi Leadership

The teams at Ondo Finance and Plume Network consist of professionals from globally renowned institutions, including JPMorgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional blend of traditional financial heavyweights and blockchain-native institutions has strategically deployed their industry insights and technical expertise to address the evolving needs of the RWAfi ecosystem. By uniting these experienced leaders and leveraging the unique strengths of Ondo and Plume, advanced solutions for Real World Asset Finance (RWAfi) can be offered, unlocking new opportunities.

About Ondo Finance

Ondo Finance is a Web3-native technology and asset management company, dedicated to building an open and compliant financial system by launching institutional-grade assets, services, and infrastructure on public blockchains. Ondo's flagship product is tokenized cash equivalents, offering ultra-low-risk, high-quality yield through US Treasury bonds, money market funds, and similar instruments, providing on-chain investors with a stablecoin alternative that allows asset holders, not issuers, to earn most of the underlying asset's yield. For more information, please visit the official website.

About Plume

Plume is the first Layer 1 modular blockchain dedicated to RWAfi, providing a composable, EVM-compatible environment to access and manage a diverse set of real-world assets. With over 180 projects on its private development network, Plume offers an end-to-end asset tokenization engine and a financial infrastructure partner network, streamlining the asset onboarding process and enabling seamless integration of RWA with DeFi. To learn more, please visit the official website.

This article is a contribution and does not represent the views of BlockBeats

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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