Plume Partners with Google Cloud to Revolutionize RWA Onboarding

Plume Network has announced a strategic partnership with Google Cloud and CloudMile to transform the onboarding process for real-world assets (RWAs) using artificial intelligence. This collaboration, revealed on December 20, aims to leverage advanced AI technologies to automate and enhance the appraisal and tokenization of RWA projects.

Plume, a full-stack layer-1 blockchain, plans to utilize Google Cloud’s infrastructure, specifically its Vertex AI platform and cutting-edge GPU processors (A100 & V100), to accelerate the tokenization and analysis of RWAs. The collaboration will improve the speed, security, and compliance of these processes, which are critical for the effective integration of real-world assets into the blockchain ecosystem.

CloudMile’s expertise in AI and cloud technologies will play a crucial role in the implementation of the AI-powered solutions. By leveraging tools like BigQuery, Dataflow, and Looker Studio, the partnership will facilitate real-time compliance and analytics, further advancing the adoption of tokenized RWAs. This will also enable Plume to unlock new investment opportunities in the RWAfi (Real World Asset Finance) space for institutional investors.

Plume recently raised $20 million in a Series A funding round, led by Brevan Howard Digital, Haun Ventures, and Galaxy Digital, which will support the continued development of its platform. This partnership follows Plume’s previous collaborations, such as the launch of the LiquidStone platform with Credbull, which provides high-yield solutions, and an alliance with Chateau Capital to tokenize illiquid assets, aiming to tap into the $500 billion private markets sector.

With the integration of blockchain and AI technologies, Plume is positioning itself as a leader in the evolving RWA ecosystem, striving to unlock new investment avenues and streamline the tokenization of real-world assets.