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Moca Network and Plume Join Forces to Offer Enhanced Privacy and Institutional-Grade RWA Yield
In a significant development, Moca Network has announced a strategic partnership with Plume, a pioneering L1 RWA Chain developed specifically for real-world asset finance (RWAfi). This collaboration aims to integrate Moca Network’s AIR Kit digital identity infrastructure into Plume’s ecosystem, thereby enabling users to access institutional-grade real-world asset yield and staking products while ensuring enhanced privacy.
The integration will empower projects developed on Plume to create and embed universal accounts within apps, facilitating credential verification for rewards and access. This move is expected to open up opportunities for over 700 million addressable users from Moca Network’s partner ecosystems, such as SK Planet, OneFootball, and MyAnimeList, to leverage their universal AIR account and identity for accessing Plume’s comprehensive RWAfi hub.
Moca Network’s digital identity infrastructure provides a universal account for users’ assets, identity, and reputation across multiple ecosystems, powered by MOCA Coin. Meanwhile, Plume is the first full-stack L1 RWA Chain designed specifically for RWAfi, supporting over 180 projects while offering an EVM-compatible environment for managing diverse real-world assets and facilitating seamless DeFi integration.
The collaboration between Moca Network and Plume is expected to redefine the interaction between real-world assets and digital identities, fostering a more open internet. Kenneth Shek, project lead of Moca Network, emphasized the importance of RWAfi as a cornerstone of tokenization, highlighting the need for self-sovereign and privacy-preserved digital identities as the industry evolves.
Chris Yin, CEO of Plume Network, expressed enthusiasm about the partnership, noting that Moca Network’s advanced digital identity infrastructure complements Plume’s mission of integrating real-world assets seamlessly. This synergy is expected to unlock new opportunities for users worldwide, advancing the integration of RWAfi with interoperable digital identity solutions.
The partnership underscores the companies’ commitment to enhancing privacy and providing institutional-grade yield in the rapidly evolving blockchain and cryptocurrency landscape.
Source: https://Blockchain.News/news/moca-network-plume-institutional-grade-rwa-yield
