This report is compiled by Tiger Research, analyzing Plume's strategic position in the Real World Asset (RWA) market worth USD 16 trillion through regulatory involvement in the US and Hong Kong and ecosystem development.
TL;DR
Despite having long-term potential projected to reach USD 16 trillion by 2030, the real-world asset (RWA) market is currently in its early stages, limited by regulatory uncertainty. In this context, direct involvement in regulatory design becomes a key strategic advantage.
Plume is building infrastructure that bridges traditional finance and DeFi, while actively participating in RWA regulatory framework formation in the US and Hong Kong. This is done through engagement with the Department of Treasury and SEC, direct communication with the Trump administration, and partnership with USD1.
With significant growth in the last 30 days (85% increase in RWA value and 84% growth in holder numbers) and a proactive regulatory approach, Plume is in a strategic position to lead market development.
1. RWA Ecosystem Overview: Insights and Opportunities
Real World Asset (RWA) refers to the tokenization of real-world assets running or standing on blockchain networks. This narrative is now a primary focus in Web3 and is beginning to attract the attention of traditional financial institutions.
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Additionally, Plume has established a partnership with USD1, a stablecoin issued by World Liberty Financial, an entity with close ties to the current US government. Although still limited in scale, this partnership creates a strategic connection with policy-oriented stablecoins in the US market.
All these initiatives reflect Plume's efforts to build policy influence and secure an early position in the RWA market formation in the world's largest financial center.
2.2. Plume Kong (Hong Kong)
Plume's regulatory strategy is not limited to the US. The project is also expanding its presence in Hong Kong, one of the major financial centers in Asia.
On July 3, 2025, Plume became a co-host of the "2025 Hong Kong New Policy Forum" together with Web3Labs. The event was attended by Wu Jiezhuang, a Legislative Council member and an important figure in the Web3 and Virtual Asset Development Subcommittee.
In the forum, Plume and Web3Labs launched the "RWA Bridge Program" to bridge traditional finance and Web3 infrastructure. The program is designed to help financial institutions adopt on-chain assets with a focus on real-world cases such as private credit, US bonds, and alternative assets.
Plume also announced its participation in Hong Kong's digital asset regulatory sandbox, demonstrating a strategic commitment to leveraging the innovation-based regulatory framework in the region. This strengthens Plume's position as the primary on-chain asset and capital distribution hub for the Asia-Pacific region.
3. Building Momentum in the RWA Market
Are Plume's regulatory strategies and government engagement starting to show concrete results? Recent data indicates promising early developments.
Plume's ecosystem expansion strategy is built gradually and structurally. The project began by building a core user base through its native DeFi platform, Nest. On this foundation, Plume launched several RWA products such as USTB and nTBILL, both backed by US government bonds, which contributed to a significant surge in token holders.
Plume has also strengthened its technological infrastructure. The open-source ARC tokenization engine supports the issuance of various asset-based tokens, while the SkyLink interoperability solution facilitates cross-blockchain connectivity.
With a tangible and open ecosystem foundation, Plume is actively forging new partnerships to accelerate its ecosystem scale.
4. Plume's Scale Challenges and Growth Momentum
Plume faces clear scale limitations. With total assets of $134.18 million, Plume currently represents only about 1% of the total tokenized asset market valued at $13.3 billion. However, growth data tells a different story. In the last 30 days, Plume recorded 85% growth in RWA value and 84% growth in RWA holders, indicating strong early-stage momentum.
Although not yet among the largest projects in terms of total assets, Plume has become the number one blockchain globally in RWA holder count (15,000+), surpassing Ethereum in just two weeks. This reflects Plume's focus on real users and functional experience, rather than mere value accumulation.
Moving forward, this momentum is likely to accelerate, driven by the potential regulatory support emerging from Plume's active engagement with policymakers in the US and Asia.
Plume now has a clear position in the RWA market landscape. Strategic partnerships in key jurisdictions and a pipeline of over 200 active projects support ecosystem expansion. With this foundation, Plume is well-positioned to accelerate growth as the regulatory framework matures.
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