Plume partners with Google Cloud to redefine RWA onboarding

Plume Network is partnering with Google Cloud and CloudMile to transform the real-world asset market with artificial intelligence.

The full-stack layer-1 blockchain aims to redefine the RWA ecosystem and announced the partnership in an announcement on December 20.

According to the team at L1, collaborating with Google Cloud aims to revolutionize the onboarding process of real-world entities by leveraging artificial intelligence. In this case, Plume will leverage the cloud computing giant’s infrastructure to automate the evaluation of RWA projects through artificial intelligence.

“This collaboration will leverage Plume’s data intelligence suite for RWAs using Vertex AI and cutting-edge GPU infrastructure (A100 and V100 processors), enabling faster, secure and compliant tokenization and analysis of RWAs,” Plume said. X.

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

As the crypto industry welcomes the increasing intersection of blockchain and AI, CloudMile’s expertise will assist in the overall implementation of the AI-powered initiative. Real-time compliance and analytics leveraging Google Cloud’s BigQuery, Dataflow, and Looker Studio will also aid the adoption of tokenized RWA as Plume looks to unlock RWAfi investment opportunities for enterprises.

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

In October, Plume teamed up with on-chain private lender Credbull to launch high-yield solutions platform LiquidStone. Another partnership is with Chateau Capital, which aims to tokenize illiquid assets to unlock opportunities in the $500 million private market sector.