Reading recent industry news, it feels like the boundaries between traditional finance and crypto are becoming increasingly blurred, and the trend of integration is accelerating.
1/ Kraken claims it will support trading in over 50 tokenized stocks and ETFs, including Apple, Tesla, and Nvidia in the future. Bybit's gold & forex (MT5) product suite is also making similar attempts.
2/ Futu announced at the beginning of May that it supports deposits in stablecoins like USDT and USDC to purchase Hong Kong and US stocks.
3/ The PLUME team communicated with the SEC's crypto working group and the Treasury in Washington, discussing with policymakers how to realize the tokenization and on-chain integration of markets such as stocks, bonds, loans, and commodities, and how to enhance the liquidity, efficiency, and transparency of RWA under the right regulatory framework.
4/ The US stablecoin bill, the GENIUS Act, has passed procedural voting in the Senate and is expected to undergo a full vote soon before entering the House for review. If passed, it will accelerate the issuance of stablecoins and further consolidate the dollar's global dominance.
The Plume team works steadily and has good government relations; they previously sponsored a dinner for Trump. Plume's mainnet is being launched in phases, with the first phase, Plume Alpha, being a controlled launch (ordinary users do not have access), which went live on May 12.
The goal of this phase is to bring RWA blue-chip assets (such as Superstate, Invesco, Blackstone, Anemoy, etc.) into the flagship protocol Nest, providing institutional-level returns.
The next phase, Plume Genesis, will be fully open to the public, expected to be completed by Q2 2025. By then, users will be able to fully participate in lending, staking, trading, and other functions within the RWAFi ecosystem.
On one side, stablecoins like USDT are being used to buy stocks, and on the other side, traditional assets are being tokenized and brought on-chain, with the forces of these two directions converging ⛓️
