- Plume Network is collaborating with CloudMile and Google Cloud to use artificial intelligence to revolutionize the market for real-world assets.
Redefining the RWA ecosystem is the goal of the full stack layer-1 blockchain, which revealed the collaboration in a release on December 20.
The L1 team claims that by utilizing artificial intelligence, their partnership with Google Cloud intends to transform the onboarding procedure for real-world assets. In this instance, Plume plans to use the infrastructure of the cloud computing behemoth to automate the AI evaluation of RWA initiatives.
The partnership will be mostly dependent on CloudMile’s cloud and AI technologies.
As the cryptocurrency sector embraces the growing convergence of blockchain and artificial intelligence, CloudMile’s experience will support the AI-powered initiative’s entire execution. As Plume seeks to open up RWAfi investment prospects for institutions, real-time compliance and analytics using Google Cloud’s BigQuery, Dataflow, and Looker Studio will also support the implementation of tokenized RWA.
Among other venture capital firms, Brevan Howard Digital, Haun Ventures, and Galaxy Digital led a $20 million Series A round that Plume recently finished.
Plume and Credbulll, an on-chain private credit provider, collaborated to introduce LiquidStone, a platform for high yield solutions, in October. The association with Chateau Capital is another venture that aims to unleash potential in the $500 million private markets sector by tokenizing illiquid assets.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
