Some of the world’s most unique asset classes might soon be coming onto the blockchain.

‍What’s happening:‍

• Real world asset crypto company Plume Network has announced plans to expand their technology to begin tokenizing renewable energy projects, mineral rights and other asset classes that have traditionally never been brought onto the blockchain
  

The big idea:‍

• Plume Network has built a first of its kind modular blockchain that is designed to seamlessly be able to deploy real world assets immediately and have them be tokenized in a compliant way
  

Why it matters:‍

• While real world assets as a concept are not new, the ability to quickly deploy assets onto the blockchain in a way that is legal and compliant has been an enormous obstacle for significantly scaling up the tokenization of assets
  
• Tokenizing real world assets has the potential to unlock multiple opportunities from earning a passive yield to enabling fractional ownership, especially for asset classes that have traditionally been very illiquid
  

By the numbers:‍

• Plume Network has publicly stated they are currently on pace to have over $1B USD of real world assets tokenized by the end of the year
  

Going deeper:‍

• Plume Network previously raised a seed round which saw multiple notable backers, including Huan Ventures and the venture capital arm of Galaxy Digital (TSX: GLXY)
  
• Multiple crypto startups are also building on top of Plume Network’s blockchain technology, aiming to tokenize everything from GPUs to real estate to the legal rights to airspace
  

The intrigue:‍

• Bringing real world assets onto the blockchain has been a growing trend, with Galaxy Digital (TSX: GLXY) previously tokenizing one of the world’s most valuable violins

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