Institutionally boosting RWA tokenization, Plume introduces Privacy L3 Nightfall to its ranks.
In a significant move for the blockchain industry, Plume, a full-stack blockchain designed specifically for real-world asset finance (RWAfi), has announced the deployment of Nightfall. This privacy-focused blockchain technology, supported by global organisation EY, is set to revolutionise the way institutions transact in the blockchain ecosystem.
Nightfall_4 (NF_4), the latest iteration of Nightfall, introduces decentralized permissioning and KYC-gating, making it a suitable choice for enterprises and regulators. Using Zero-Knowledge Proof (ZKP) technology, Nightfall enables private transfers of multiple token standards, offering a secure and compliant environment for institutions.
Plume's composable, EVM-compatible platform connects institutions, asset issuers, and DeFi applications, making it the first full-stack blockchain for RWA. The integration of Nightfall further strengthens Plume's position as the preferred chain for institutions entering the blockchain ecosystem.
Teddy Pornprinya, CBO and Co-Founder of Plume, emphasised the importance of privacy and compliance in the blockchain space. He stated, "Privacy and compliance are not opposing forces. We are building infrastructure that allows institutions to tokenize and transact with confidence."
EY, a global organisation that exists to build a better working world and create long-term value for clients, people, and society, will be assisting with the deployment of Nightfall onto the Plume network. EY's involvement underscores the trust and assurance they provide to clients as they grow, transform, and operate across various sectors.
Plume's deployment of Nightfall marks a significant step forward in the tokenization of real-world assets. With the largest active wallet base in the RWA sector and involvement in over 200 projects, Plume is at the forefront of institutional onboarding to real-world assets, supporting partners looking to tokenize assets globally.
Moreover, Plume has been working with regulatory bodies in APAC and the US to ensure deep participation in the development of RWA legislation. This commitment to regulatory compliance further cements Plume's position as a leader in the RWA ecosystem, backed by a global network of financial institutions and service providers.
For more information about Plume, please contact Leila Stein at [email protected]. EY refers to the global organisation, with member firms in over 150 countries. However, EYGM Limited is a member of the global EY organization that does not provide any services to clients.
With the introduction of Nightfall, Plume continues to shape the infrastructure and policy frameworks for the next generation of onchain capital markets, offering a secure, compliant, and privacy-focused solution for institutions looking to enter the blockchain space.
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