Built to Open Institutional Assets. Trusted by Apollo, WisdomTree, DTCC, and more

Joined October 2023
Open Finance is here. Plume’s new look comes with the same conviction to bring the world's highest-quality assets onchain, open to institutions and investors everywhere. We've built the distribution rails that tokenized assets need to scale. Now it’s time for Open Finance.
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In onchain asset management, the word “vault” often describes several functionally distinct roles. In September, Plume met with the SEC's Crypto Task Force and shared a framework defining four of these roles and how regulation should attach to each. 🧵
Replying to @plumenetwork
One key distinction we raised with the SEC is that a vault combines four functionally distinct roles. Two of them, the curator and the vault token, can call for regulation as circumstances warrant. The other two, the neutral, immutable protocol layer and the administrator, should sit outside it.
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Role 4: The Vault Token Issuer. The vault token represents an investor's interest in the pooled vehicle, similar to a fund share. Depending on the portfolio and how it is distributed, it may be an investment company or commodity pool interest.
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The term "vault" currently combines several distinct functional roles. Our recommendation is that regulation should attach by function. Specifically to the curator and vault token, as circumstances warrant. Conversely, it shouldn’t attach to the neutral, immutable protocol layer or admin. Read Plume’s full submission to the SEC here 👇 sec.gov/files/ctf-written-in…
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A Treasury bill in a brokerage account simply pays a coupon. Onchain, that same Treasury bill can serve as collateral, sit inside a strategy, or pair with other assets. Learn how the same asset inherits different capabilities when put on Open Finance rails: plume.org/blog/rwa-academy-r…
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nONYC packages reinsurance-backed yield from the $800B global reinsurance industry as a Plume Vault. ONyc, built by @onrefinance, earns from reinsurance premiums, with added yield from the reserves backing it. nONYC makes that yield deployable on @monad and other EVM ecosystems where open finance is rapidly expanding.
ONyc is coming to @Monad through nONYC. Built by @onrefinance, ONyc gives onchain exposure to reinsurance-backed yield, with returns generated from underwriting premiums and collateral rather than crypto-native incentives. Until now, ONyc has been available only on Solana. nONYC packages the asset through Plume Vaults, making it deployable across supported EVM networks and opening access to new sources of capital and liquidity. With more than $225M deployed across Solana DeFi, ONyc has already established itself as a significant RWA onchain. Now, it’s moving beyond its original ecosystem. This is what RWA distribution looks like: taking institutional assets that already exist and making them accessible across the networks where capital is already moving.
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nALPHA is officially shifting into hyperdrive with @hyperdrivedefi RWA Markets on @base. Borrow against your nALPHA or lever up in one step, priced at NAV. When you exit, your debt clears instantly while the redemption settles in the background. There are more ways than ever before to put your real-world assets to work onchain. 👇
Hyperdrive RWA Markets are here! For lenders: → 50K USDC in incentives over 6 months to start For RWA holders: → Loop/borrow at the highest LTVs → No AMM liquidation wicks Assets include JAAA, SPXA and nALPHA across the @centrifuge, @plumenetwork, and @base ecosystems.
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Transparent pricing is what makes RWAs usable across DeFi. When a vault's NAV lives onchain, anyone can verify the value of the assets behind it in real time, making Open Finance more accessible and trustworthy. @redstone_defi now pushes NAV onchain for six Plume vaults on Ethereum, live on @pendle_fi and @MorphoLabs.
Six @plumenetwork Nest vault feeds are live on Ethereum. RedStone now pushes NAV onchain for nOPAL, nALPHA, nBASIS, nFALCON, nONRE and FACTOR Live on @pendle_fi and @MorphoLabs.
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TOKEN2049 is a wrap, and the Plume team brought the best of Open Finance to Singapore. The team connected with partners at the main conference, spoke alongside the leading voices in onchain finance, and demonstrated why Plume Vaults has attracted over $250M in RWA TVL and minted over $1B+ in assets 👇
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Across the week, Plume CEO @chriseyin and the team gathered on-the-ground insights into the state of open finance. Platforms want steady, real-world yield with clear structures and fast exits. And the next wave of demand is RWAs that work as collateral, not assets that sit still.
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Thank you to everyone who met with the team in Singapore. From curating rooms with the biggest names in open finance to engaging with the SEC, Plume is leading the charge toward open finance with $1B+ in total assets minted and $250M+ in RWA TVL. Explore that leadership through Plume Vaults: app.plume.org/vaults?utm_sou…
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Private credit is a $3.5T market and is growing quickly. The FALX Structured Credit Facility gives you exposure through overcollateralized loans on @FalconXGlobal. Borrow stablecoins against it on the @AerieCapital curated @Morpho market, and never stop earning → app.plume.org/loop?utm_sourc…
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Demand for structured RWA yield is rapidly increasing. The nOPAL Tranching Market on @ExponentFinance just crossed $1M, and the cap is now $3M. Protected or amplified yield, both backed by real-world assets.
The nOPAL Tranching Market just surpassed $1M in market size Demand for structured RWA yield continues to accelerate, and the cap is now $3M to support further growth: → ~$2.56M for protected yield with srnOPAL → ~$454K for amplified yield with jrnOPAL Here's how to participate ↓
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In July, SEC Commissioner Hester Peirce invited builders bringing asset management onchain to help shape rules for vault protocols. On Sept 22, our Head of Regulatory Strategy @ThatAlexPalmer, General Counsel @banamlas, and CBO and co-founder @teddyP_xyz met with the SEC's Crypto Task Force. Here's what they shared 🧵
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Drawing on this analysis and our work bringing assets onchain, we closed with five recommendations to the SEC from @banamlas's March 2026 Congressional testimony. Together, they cover what registered funds need to operate onchain, from custody through secondary trading. SEC provides the clarity. We bring the onchain tools to unlock these markets.
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This continues a dialogue Plume has held with the SEC since Plume CEO @chriseyin signed our first letter to the Crypto Task Force in May 2025. The meeting memo and full deck are public: Memo: sec.gov/files/ctf-memo-plume… Deck: sec.gov/files/ctf-written-in…
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Plume retweeted
With their Plume Vaults, @plumenetwork is bringing OnRe's ONyc to Monad as nONYC. RWA distribution is a key pain point and it's been inspiring to see the Plume team tackling this head on. LFG!
ONyc is coming to @Monad through nONYC. Built by @onrefinance, ONyc gives onchain exposure to reinsurance-backed yield, with returns generated from underwriting premiums and collateral rather than crypto-native incentives. Until now, ONyc has been available only on Solana. nONYC packages the asset through Plume Vaults, making it deployable across supported EVM networks and opening access to new sources of capital and liquidity. With more than $225M deployed across Solana DeFi, ONyc has already established itself as a significant RWA onchain. Now, it’s moving beyond its original ecosystem. This is what RWA distribution looks like: taking institutional assets that already exist and making them accessible across the networks where capital is already moving.
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