Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Soneium and Plume Bring Tokenized US Treasuries and Private Credit Yields Onchain

by
April 30, 2025
in Crypto News
0
Soneium and Plume Bring Tokenized US Treasuries and Private Credit Yields Onchain
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Plume, a modular Layer-2 blockchain for Real World Asset Finance (RWAfi), has partnered with Soneium, an Ethereum Layer-2 open blockchain developed by Sony Block Solutions Labs, to provide Soneium’s users with RWA staking and real-world yield through Plume’s native interoperability layer SkyLink.

Per the press release shared with Cryptonews, the SkyLink integration enables users to stream real-world asset value and yield securely cross-chain. Therefore, they get access and exposure to asset-backed yield products, including yield from tokenized US Treasuries and private credit from the Plume chain, the team claims.

The email states that the launch will “leverage a real-world asset distributor managing more than $4 billion in tokenized assets, including products from Ondo Finance, a major issuer of tokenized US treasuries.”

Real World Assets Get a Major Boost – @plumenetwork partners with Soneium by @Sony Block Solutions Labs.

SkyLink, Plume’s interoperability solution for cross-chain RWA yield distribution, is firing up real yield for millions of Soneium ecosystem users.

… pic.twitter.com/3jwObGX7VE

— Soneium (@soneium) April 30, 2025

Furthermore, the integration forms “an interconnected RWAfi network” to speed up mainstream RWA adoption.

Plume CEO Chris Yin commented that the blockchain aims to advance RWAs in order to grow the crypto ecosystem as a whole. The partnership with Soneium will “accelerate previously inaccessible yield opportunities for over 5.1 million users in their ecosystem.”

“The future of RWAfi isn’t just about assets living on a single chain, but enabling real yield to flow seamlessly wherever users are,” Yin says.

According to Ryohei Suzuki, Director of Sony Block Solutions Labs, “the ability to offer access to real-world yield through tokenized assets is a major step forward in making blockchain services relevant to mainstream financial use cases. This partnership with Plume unlocks a compelling new layer of value for our ecosystem and users.”

You might also like
Chris Yin, CEO of Plume, on RWA-Flavored Crypto and Tokenizing Everything | Ep. 362

Plume Price and Soneium TVL Rising

Plume says it’s a full-stack RWA Chain and ecosystem with more than 180 projects building on it. It offers an end-to-end tokenization engine, a network of financial infrastructure partners, and an EVM-compatible environment for onboarding and managing diverse RWAs.

“Anyone can tokenize real-world assets, distribute them globally, and make them useful for native crypto users,” the team claims.

At the time of writing, the PLUME token trades at $0.189. It’s up 11% in a day, 8.3% in a week, and 12.4% in a month.

The coin hit its all-time high of $0.2475 in March 2025. It has decreased by 23.1% since.

Source: CoinGecko

Meanwhile, Soneium is a Layer-2 blockchain built on Optimism’s OP Stack, developed by Sony Block Solutions Labs, a joint initiative established by Sony Group Corporation and Startale Group.

Soneium’s total value locked (TVL) has recently surpassed $100 million, now standing at $155.48 million, according to DeFiLlama. It’s up 15% over the past 24 hours.

Source: DeFi Llama

Earlier in April, Astar, a collective promoting Web3 adoption, partnered with decentralized protocol AltLayer and restaking protocol EigenLayer to build a Fast Finality Layer for Soneium.

In March, Soneium joined hands with game software and venture capital company Animoca Brands and San FranTokyo, a core contributor to Anime Foundation. Animoca Brands’ flagship digital identity infrastructure platform, Moca Network, will create a premier identity layer on this blockchain. With this move, Soneium aims to expand into digital identity, popular anime like Solo Leveling, and gaming experiences, the press release says.

Also in March, Soneium partnered with Japanese social media platform LINE to bring four gaming applications on-chain.

You might also like
Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer

The post Soneium and Plume Bring Tokenized US Treasuries and Private Credit Yields Onchain appeared first on Cryptonews.

Previous Post

BNB Chain Shows Strong Q1 Growth Despite 15% Market Cap Drop — Messari

Next Post

Biden-appointed federal judge keeps blocking Trump admin from nixing funding for lawyers for migrant children

Next Post
Biden-appointed federal judge keeps blocking Trump admin from nixing funding for lawyers for migrant children

Biden-appointed federal judge keeps blocking Trump admin from nixing funding for lawyers for migrant children

  • Trending
  • Comments
  • Latest
As REAL ID rollout approaches, congressional privacy hawks largely silent on concerns

As REAL ID rollout approaches, congressional privacy hawks largely silent on concerns

April 22, 2025
Dogecoin Price Skyrockets 17.7% This Week: DOGE’s $27.8B Market Cap Now Towers Over Cardano – What’s Next?

Dogecoin Price Skyrockets 17.7% This Week: DOGE’s $27.8B Market Cap Now Towers Over Cardano – What’s Next?

April 27, 2025
On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

April 28, 2025
‘Wouldn’t tolerate it’: House Republican calls second Hegseth Signal report ‘unacceptable’

‘Wouldn’t tolerate it’: House Republican calls second Hegseth Signal report ‘unacceptable’

April 21, 2025
BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

May 23, 2025
New Bitcoin High Fuels Demand for Cloud Mining – APT Miner Steps In

New Bitcoin High Fuels Demand for Cloud Mining – APT Miner Steps In

May 23, 2025
Major Russia-Ukraine prisoner swap is underway, official says

Major Russia-Ukraine prisoner swap is underway, official says

May 23, 2025
CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative

CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative

May 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

    BlackRock’s BTC ETF Bets Are Back — Is Bitcoin About to Explode Past $110K?

    May 23, 2025
    New Bitcoin High Fuels Demand for Cloud Mining – APT Miner Steps In

    New Bitcoin High Fuels Demand for Cloud Mining – APT Miner Steps In

    May 23, 2025
    Major Russia-Ukraine prisoner swap is underway, official says

    Major Russia-Ukraine prisoner swap is underway, official says

    May 23, 2025
    CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative

    CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative

    May 23, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved