Introduction to the Partnership
Plume, a permissionless, full-stack blockchain designed for real-world asset finance, and OpenTrade have unveiled plans to launch and integrate new yield-bearing vaults via Nest, Plume’s flagship staking protocol. This endeavor will be powered by OpenTrade’s real-world asset (RWA) stablecoin yield infrastructure and backed by WisdomTree’s suite of tokenized funds.
OpenTrade, which has connections to the USDC development team and is backed by investors like a16zCrypto and Circle, is developing an enterprise-grade stablecoin “yield-as-a-service” platform. This platform aims to make accessing RWA-backed yield on USDC and USDC.e seamless and secure.
OpenTrade and WisdomTree Provide the Infrastructure
OpenTrade will manage the deployment, management, and scaling of the stablecoin yield products that will back Nest’s vaults. These vaults will enable users to earn yield on their stablecoin balances, with exposure to WisdomTree’s tokenized funds, directly from their existing wallets and other Web3-native systems.
“WisdomTree welcomes the use of our tokenized funds within DeFi-native applications such as OpenTrade’s deployment into Nest vaults,” said Maredith Hannon, Head of Business Development, Digital Assets for WisdomTree. “These products were designed for onchain retail and institutional investors, and their integration into this ecosystem highlights how regulated, tokenized strategies can serve as building blocks for onchain finance.”
WisdomTree is a global fund management company with a significant presence, managing $130 billion in assets. Their offerings span exchange-traded products (ETPs), models, and solutions. The company's digital asset business includes a range of tokenized funds and stablecoins, accessible through WisdomTree Prime for retail users and WisdomTree Connect for institutions.
OpenTrade’s dedicated asset manager, Five Sigma, which oversees more than $6 billion in Assets Under Management and operates under the supervision of the UK financial regulator, will handle all fund transfer, trading, and reporting activities. These operations will be conducted through automated systems and processes that are fully integrated with OpenTrade’s on-chain vaults.
“This partnership bridges three layers of the new financial stack: institutional assets, compliant infrastructure, and on-chain distribution. By deploying OpenTrade’s vaults and WisdomTree’s tokenized funds into Nest, we’re delivering transparent stablecoin yield backed by real, institutional-grade assets,” said Teddy Pornprinya, Co-Founder and CBO at Plume.
WisdomTree Connect Now Supports Up To 14 Funds on Plume
OpenTrade’s collaboration with Plume follows reports that WisdomTree Connect has launched 14 tokenized funds on Plume. These funds can now be held natively in wallets, transferred between onboarded WisdomTree Connect wallets, and integrated seamlessly with Plume’s RWA ecosystem.
The initial two OpenTrade–WisdomTree vaults integrated into Nest are secured by the WisdomTree Government Money Market Digital Fund (WTGXX) and the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT). Additional vaults backed by other WisdomTree tokenized funds are slated for launch in the coming months.
As part of this expansion, Mike Novogratz’s Galaxy has committed to allocating $10 million into the WisdomTree Government Money Market Digital Fund on Plume.
“The addition of Plume by WisdomTree showcases how institutional-grade asset management can operate securely and efficiently onchain,” said Luke Xiao, Head of Partnerships at Plume. “Plume was built to power the entirety of real-world asset finance, and WisdomTree’s tokenized funds exemplify how regulated products can thrive in a compliant ecosystem built on permissionless blockchain infrastructure.”