Plume Network and Superstate have partnered to expand access to tokenized financial products, offering institutional investors exposure to short-term Treasuries and crypto basis strategies.
Plume Network and Superstate announced Tuesday that they are working together to make tokenized financial products more available to more people.
As part of the deal, Plume Network will host Superstate’s infrastructure, and Superstate’s users will be able to access its short-term U.S. Government Securities Fund (USTB) and Crypto Carry Fund (USCC).
The statement says that USTB gives access to short-term Treasury Bills and USCC lets crypto-based strategies work with bitcoin, ether, and U.S. Treasury securities.
As Plume Network co-founder and CEO Chris Yin said, “Superstate’s choice of Plume as their first chain expansion supports our belief that a strong RWAfi (real-world asset finance) ecosystem can drive institutional asset adoption.” “Superstate has proven it can scale effectively for crypto-native investors while offering transparent yields.”
Superstate focuses on creating tokenized financial goods for big crypto investors. Plume Network, a Layer 1 blockchain, is adding more real-world assets to its list. For example, it wants to tokenize assets, mineral rights, and Medicaid claims.
The founder of Superstate, Robert Leshner, said that the company’s goal is to make all big blockchains home to tokenized assets that are used by institutions. He also said that Plume Network’s custom-built RWAfi infrastructure is a great way to show off new ways that tokenized assets can be used.
