Plume partners with Google Cloud to redefine RWA onboarding

Plume Network partners with Google Cloud and CloudMile to transform the real assets market with artificial intelligence.

The complete layer 1 blockchain seeks to redefine the RWA ecosystem and disclosed the partnership in a announcement on December 20.

According to the L1 team, partnering with Google Cloud aims to revolutionize the process of integrating real-world assets by leveraging artificial intelligence. In this case, Plume is expected to leverage the cloud computing giant’s infrastructure to automate the evaluation of RWA projects via AI.

“This collaboration will supercharge Plume’s data intelligence suite for RWAs by leveraging Vertex AI and industry-leading GPU infrastructure (A100 and V100 processors), enabling faster, secure and compliant tokenization and analysis of RWAs,” noted Plume in an article on X.

CloudMile’s AI and cloud technology will be key to the collaboration, Plume said.

As the crypto industry welcomes the growing intersection of blockchain and AI, CloudMile’s expertise will contribute to the overall implementation of the AI-based initiative. Real-time compliance and analytics leveraging Google Cloud’s BigQuery, Dataflow, and Looker Studio will also help drive adoption of tokenized RWA as Plume seeks to unlock RWAfi investment opportunities for institutions.

Feather recently closed $20 million Series A funding round led by Brevan Howard Digital, Haun Ventures and Galaxy Digital, among other venture capital firms.

In October, Plume partnered with on-chain private credit provider Credbulll to launch high-yield solutions platform LiquidStone. Another partnership is the alliance with Château Capitalaimed at tokenization of illiquid assets to unlock opportunities in the $500 million private markets sector.