WOO Innovation Hub Announces Partnership with Plume to Revolutionize Real-World Asset Tokenization
July 25 2024 - 2:04AM
WOO Innovation Hub, an ecosystem encompassing a range of aligned
products such as the WOOFi protocol and WOO X, a leading global
crypto centralized exchange, is thrilled to announce a strategic
partnership with Plume, the first modular EVM L2 blockchain
dedicated to real world assets (RWAs). This collaboration aims to
simplify the processes of RWA project deployment and enhance
liquidity through integrated asset tokenization and compliance
solutions.
The alliance between WOO Innovation Hub and Plume will leverage
each other's expertise to drive innovation in the blockchain space,
particularly focusing on real-world asset tokenization. This
collaboration will enrich the WOO Innovation Hub's ecosystem,
incorporating Plume's advanced blockchain capabilities to offer
investors a robust platform for cross-pollination and investment in
various RWAs.
Additionally, Plume and WOO will collaborate to incubate RWA
projects together, fostering an environment of growth and
innovation for emerging ventures. This initiative aims to support
and accelerate the development of RWA projects, providing them with
the necessary resources and expertise to succeed.
Chris Yin, CEO of Plume Network mentioned:
“We’re thrilled to partner with WOO. Together, we’re streamlining
the tokenization of real world assets, setting the stage for a new
era in finance where assets of all kinds can be seamlessly brought
onchain. We’re leveraging WOO’s extensive ecosystem and our
innovative approach to asset tokenization. Our goal is to make
investing in RWAs as easy as trading crypto by creating
opportunities for liquidity and investment in real world assets.
Plume and WOO are laying the groundwork for a transformative shift
in the tokenization landscape.”
Abby Huang, WOO Innovation Hub Lead, commented:
“We are excited to welcome Plume to the WOO Innovation Hub. Plume's
mission to simplify RWA project deployment aligns perfectly with
our objectives. We believe this partnership will pave the way for
more efficient and user-friendly decentralized solutions. WOO will
work closely with Plume to penetrate key markets, bringing
innovative products and exclusive utilities to both Plume and WOO
users.”
Plume has quickly established itself as a pioneering force in
the blockchain sector, offering essential features that cater to
the needs of developers and investors. By integrating asset
tokenization and compliance providers directly into the chain,
Plume ensures a seamless and secure environment for RWA projects.
Their platform enhances liquidity and composability through
thriving DeFi applications and access to high-quality buyers.
On July 22, 2024, WOO X announced the launch of its upgraded
Real-World Assets (RWA) Earn Vaults with the introduction of
Flexible Vaults. This innovative enhancement allows users to earn
Treasury Bill-backed interest on their USDC, which begins accruing
instantly and compounds daily. One of the key features of these
Flexible Vaults is the ability for users to withdraw their USDC and
accrued interest at any time without incurring penalties, providing
superior liquidity compared to traditional financial products.
Contact Us: ecosystem@woo.network
About WOOFiWOOFi is a leading decentralized
exchange (DEX) with over $42B in cumulative trading volume and more
than 250k monthly active users. It supports 11 blockchains and
offers a diverse range of products, including earn vaults, simple
swaps, cross-chain swaps, and perpetual futures. The native token
of WOOFi, WOO, can be staked to share 80% of all protocol fees.
About PlumePlume is the first modular EVM L2
blockchain dedicated to all real world assets (RWAs) that
integrates asset tokenization and compliance providers directly
into the chain. Plume's mission is to simplify the convoluted
processes of RWA project deployment and offer investors a
blockchain ecosystem to cross-pollinate and invest in various RWAs.
In addition, Plume enables RWA composability through its thriving
DeFi applications and provides access to high-quality buyers to
increase liquidity for all tokenized RWAs. To learn more about
Plume, visit https://www.plumenetwork.xyz/.
DisclaimerThe content above is for
informational sharing purposes only and does not constitute an
investment offer, solicitation, or recommendation. Any investment
decisions made based on this content are undertaken at the
individual's own risk. The partnership between WOO Innovation Hub
and Plume does not imply financial advice or endorsement of any
products or services. All business risks related to the cooperation
are borne by the respective parties involved.