- Plume and OpenTrade have announced a partnership with the sole aim of supercharging yields with WisdomTree’s tokenized funds.
- According to reports, WisdomTree now has up to 14 tokenized funds on Plume that can be held natively in wallets.
- Meanwhile, Galaxy has promised to allocate $10 million into the WisdomTree Government Money Market Digital Fund.
Plume, a permissionless, full-stack blockchain built for real-world asset finance, and OpenTrade have unveiled plans to launch and integrate new yield-bearing vaults via Nest, Plume’s flagship staking protocol, according to documents reviewed by Cryptopolitan.
The endeavor will be powered by OpenTrade’s real-world asset (RWA) stablecoin yield infrastructure and backed by WisdomTree’s suite of tokenized funds.
OpenTrade, which has connections to the USDC development team and backed by investors like a16zCrypto and Circle, is putting together an enterprise-grade stablecoin “yield-as-a-service” platform that makes accessing RWA-backed yield on USDC and USDC.e seamless and secure.
OpenTrade and WisdomTree provide the infrastructure
OpenTrade will handle the deployment, management and scaling of the stablecoin yield products backing Nest’s vaults, which will allow users to earn yield on their stablecoin balances backed by exposure to WisdomTree’s tokenized funds from their existing wallets and other Web3-native systems.
“WisdomTree welcomes the use of our tokenized funds within DeFi-native applications such as OpenTrade’s deployment into Nest vaults,” said Maredith Hannon, Head of Business Development, Digital Assets for WisdomTree. “These products were designed for onchain retail and institutional investors, and their integration into this ecosystem highlights how regulated, tokenized strategies can serve as building blocks for onchain finance.”
WisdomTree is a $130 billion global fund management company with offerings across exchange-traded products (ETPs), models, and solutions. Its digital asset business also covers a range from tokenized funds to stablecoins available through WisdomTree Prime (for retail users) and WisdomTree Connect (for institutions).
OpenTrade’s dedicated asset manager, Five Sigma, which manages over $6B in AUMA and operates under UK financial regulator supervision, will carry out all fund transfer, trading, and reporting activities via automated systems and processes that are fully integrated with OpenTrade’s on-chain vaults.
“This partnership bridges three layers of the new financial stack: institutional assets, compliant infrastructure, and on-chain distribution. By deploying OpenTrade’s vaults and WisdomTree’s tokenized funds into Nest, we’re delivering transparent stablecoin yield backed by real, institutional-grade assets,” said Teddy Pornprinya, Co-Founder and CBO at Plume.
WisdomTree Connect now supports up to 14 funds on Plume
OpenTrade’s collaboration with Plume comes after reports that WisdomTree Connect has launched 14 tokenized funds on Plume that can now be held natively in wallets, transferred between onboarded WisdomTree Connect wallets, and integrated seamlessly with Plume’s RWA ecosystem.
The first two OpenTrade–WisdomTree vaults integrated into Nest are to be secured by the WisdomTree Government Money Market Digital Fund (WTGXX) and the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), respectively. However, additional vaults backed by other WisdomTree tokenized funds are scheduled to launch in the upcoming months.
As part of the expansion, Mike Novogratz’s Galaxy has promised to allocate $10 million into the WisdomTree Government Money Market Digital Fund on Plume.
“The addition of Plume by WisdomTree showcases how institutional-grade asset management can operate securely and efficiently onchain,” said Luke Xiao, Head of Partnerships at Plume. “Plume was built to power the entirety of real-world asset finance, and WisdomTree’s tokenized funds exemplify how regulated products can thrive in a compliant ecosystem built on permissionless blockchain infrastructure.”