Plume and GRVT Launch Three Tokenized RWA Products

GRVT, a decentralized perpetual futures exchange, and Plume, an EVM-compatible Layer 1 blockchain built for RWA tokenization, jointly launched three onchain yield products on May 26, 2026, giving institutional traders direct access to structured credit and fixed-income strategies without moving assets off the GRVT self-custodial platform. The three products — the Base Yield Fund, the Balanced Fund, and the Opportunistic Fund — are live on GRVT and carry exposure to institutional-grade assets including the $2.2 billion iShares AAA CLO Active ETF. The funds operate through Plume's Nest architecture, which connects institutional fixed-income instruments with DeFi yield mechanisms on a single onchain framework. Plume brings an established tokenization infrastructure to the partnership. According to CoinGecko Learn's platform overview, Plume has accumulated more than 180 DeFi integrations, 3.75 million testnet users, and over $1 billion in tokenized assets, including $1 billion in mineral rights and $200 million in carbon credits. The network has raised over $30 million from venture capital investors, partnered with Apollo Global, and launched a $25 million RWAfi ecosystem fund. Its SkyLink bridge connects more than 18 chains, enabling cross-chain yield access directly to user wallets. GRVT's market footprint provides the distribution context. On the day of the announcement, the broader perpetual DEX market recorded $15.2 billion in 24-hour trading volume through 8 p.m. UTC, with GRVT accounting for $1.23 billion of that total. The partnership with Plume is the exchange's first with a network purpose-built for open finance infrastructure tied to tokenized RWAs, and it follows a pattern of incremental yield product additions. In February 2026, GRVT integrated Aave to allow traders to earn yield on margin collateral while maintaining open perpetual futures positions. The exchange also announced a separate partnership with Centrifuge, integrating the Janus Henderson Anemoy Treasury Fund into its earn product suite. Market data cited in the announcement, drawn from RWA.xyz, showed more than $34 billion in distributed real-world asset value onchain at the time of launch, with over 796,000 holders participating across the sector. A narrower segment tracked by FinanceFeeds placed tokenized RWAs at $1.43 billion onchain, up 26% over the prior 30 days, alongside approximately $3 billion in monthly transfer volume. The two figures reflect different scopes of measurement — the broader figure aggregates all onchain RWA categories while the narrower one tracks a specific subset — and neither is directly comparable without further methodology disclosure from the underlying trackers.

Tokenized U.S. Treasuries, the largest single RWA category, had climbed to $15.20 billion at the time of the announcement, with BlackRock and Circle leading inflows. Ondo Finance's tokenized Treasury products held approximately $2.7 billion in total value locked, while Circle's USYC — a yield-bearing product backed by short-duration U.S. government securities — had crossed $2.9 billion. The three GRVT-Plume funds are positioned in the structured credit and CLO segment rather than the Treasury category, targeting a different risk-return profile within the institutional RWA yield market.

According to CoinMarketCap's Plume profile, the network supports over 200 integrated protocols and focuses on making tokenized RWAs usable for staking, lending, and borrowing within DeFi. Standard Chartered has projected the broader tokenized asset market to reach $30 trillion by 2034, though that figure encompasses asset classes well beyond the structured credit products at the center of this launch.

The announcement does not disclose the assets under management committed to any of the three funds at launch, the minimum investment thresholds for institutional participants, the fee structures applied to the Base Yield Fund, Balanced Fund, or Opportunistic Fund, or the specific counterparties providing the underlying fixed-income instruments beyond the iShares CLO ETF reference. The companies have not disclosed how the products interact with GRVT's existing margin and liquidation mechanics, nor whether the funds are available to retail users or restricted to verified institutional accounts.

What the launch concretely establishes is that three named yield products are live on GRVT's platform with documented exposure to at least one institutional-grade underlying asset. It does not establish the funds' performance track record, confirm regulatory approval of the products in any named jurisdiction, or demonstrate that institutional capital has been deployed into any of the three vehicles as of the announcement date.