Standard Chartered Bank's RWA report published in June 2024 predicts that the global Token-ized asset scale may exceed 30 trillion dollars by 2034. According to data from RWA.xyz, the RWA track's asset scale is indeed increasing year by year, growing 106 times from 2021 to now (as of 4/9/2025, excluding stablecoins), with a 26% growth in the first quarter of 2025 alone, reaching over 20 billion dollars. This shows that traditional financial institutions' demand for real asset Tokenization is continuously increasing, but due to regulatory uncertainty and asset management complexity, it has not yet seen large-scale breakthrough.
However, taking US policy as an example, with the approval of the Bitcoin ETF last year, related regulatory policies are gradually opening up. Not only have lawsuits and investigations against companies like Coinbase, Robinhood, Uniswap, and Opensea been withdrawn, but a crypto special working group has also been established to promote Web3 industry compliance, causing many institutions to actively layout in the Web3 sector, which also suggests that the RWA track may see explosive growth in 2025.
Under this trend, Plume Network, as a Layer 1 blockchain designed specifically for RWA, not only simplifies the asset Tokenization process but can also adjust according to different asset types to automatically comply with relevant regulatory norms, establishing an RWAfi ecosystem that connects virtual and real-world assets. This research report will deeply discuss Plume Network's development background, project vision, technical characteristics, and ecosystem overview, and compare it with Mantra, another RWA blockchain, while finally discussing its potential risks and development prospects.
Author: Wildon, Web3Caff Research Researcher
Cover: Logo by Fogo, Photo by Visax on Unsplash, Typography by Web3Caff Research
Word Count: Total of 12,900+ words
Table of Contents
- Development Background
- Current Situation of RWA Track
- Changes in Regulatory Environment
- Plume Network's Vision
- Plume Network's Technical Characteristics
- Arc
- Compliance
- Liquidity
- Summary
- Nexus
- TLSNotray
- Plume Passport
- Arc
- Plume Network's Ecosystem Overview
- Nest
- Comparative Analysis of Plume Network and Mantra
- Underlying Architecture
- Token Conversion Process
- Ecosystem Development
- Risks and Challenges
- Future Outlook and Conclusion
- Key Structure Diagram
- References
Development Background
RWA stands for Real World Asset Tokenization, a concept of tokenizing real-world assets such as securities, gold, and real estate, enabling them to circulate and trade freely on the blockchain. Through this digitization, RWA can not only enhance the liquidity of traditional assets and eliminate cumbersome transaction procedures but also transcend geographical limitations, allowing investors within the globally legal scope to participate. Moreover, the diversity of real-world assets enables investors to create more diversified investment portfolios and participate in DeFi protocols for multiple returns. For a more in-depth understanding of RWA, you can read this research report: 《RWA Track Latest 20,000-Word Report: Can It Become the Killer App to Drive the Blockchain Industry to Capture Tens of Trillions of Dollars? Comprehensive Breakdown of Its Development Path, Market Size, Tokenization Degree, Ecosystem Status, and Risk Challenges》.
However, although the aforementioned report provides a very detailed explanation and introduction of the RWA track, it contains information prior to February 2024. A year later, both the RWA track itself and its closely related regulatory environment have undergone significant changes compared to last year. Therefore, the author will first provide a simple update on the current situation of the RWA track and the regulatory changes.
From this, it can be seen that within just a few months, the regulatory environment of the Web3 industry has undergone changes completely different from last year. Although many specific implementation details are still being planned and there is a certain degree of uncertainty, the overall direction is undoubtedly conducive to the development of the Web3 industry.
