#plume ($PLUME) is a layer 1 blockchain network designed for the tokenization of real-world assets (RWA) and its integration with decentralized finance (DeFi).
In simple terms, Plume's main goal is to bridge the gap between traditional financial assets and the world of cryptocurrencies. It does this by converting tangible and intangible assets, such as real estate, commodities, stocks, bonds, and even intellectual property rights, into digital tokens on the blockchain.
How does Plume work?
Plume focuses on three key components to achieve its mission:
Asset tokenization: The network provides an infrastructure to simplify the process of converting real-world assets into digital tokens.
Regulatory compliance: The platform integrates compliance tools such as identity verification (KYC) and anti-money laundering (AML) directly into the protocol, making it easier for institutions and businesses to use its network securely.
DeFi integration: By being compatible with the Ethereum Virtual Machine (EVM), Plume allows RWA tokens to be used in existing DeFi (Decentralized Finance) applications. This means you can use a token that represents a house or a piece of art to, for example, take out a loan or as collateral for other transactions.
