NEW YORK – Plume, the first L1 Chain purpose-built for Real World Asset Finance (RWAfi), today announced the upcoming launch of its PayFi Vault, powered by PYUSD, on flagship yield streaming product Nest. This brings payment financing onchain while utilizing institutional grade stablecoin backed assets.
The PayFi vault will be initially backed by PYUSD, a fully reserved stablecoin designed to maintain a stable $1 USD value, backed by dollar deposits, U.S. treasuries, and cash equivalents. This foundation establishes a secure bridge between traditional payment rails and onchain financing, with plans to incorporate additional high-quality assets as the ecosystem matures, creating a diverse range of institutional-grade financing opportunities accessible to users globally.
PayFi will encapsulate everything pay. The PayFi vault will power global trade, commerce, and inventory management by providing last mile liquidity for the supply chain. This mechanism serves a huge need by allowing businesses to free up capital and optimize operations. PayFi remains a relatively untapped asset class onchain. The tokenization of PayFi solutions like invoices, receivables, and payment obligations can create sustainable yield offerings previously unavailable to users globally.
Stablecoins like PYUSD serve as the perfect foundation for the innovation of PayFi onchain as they are increasingly recognized as a digital dollar standard, offering a reliable and efficient means of transferring value. With secure, fully reserved backing and seamless blockchain settlement, stablecoins provide critical infrastructure for financing mechanisms that are faster, more accessible, and cost-effective.
By leveraging the stability of PYUSD as a liquidity layer, the nPAYFI Vault on Nest will extend the utility of these RWA-backed assets beyond payments, unlocking unique new use cases in yield generation from traditionally non-yield-bearing stablecoins, as well as short-duration and payment financing. Vault participants will be able to tap into returns derived from real world payment flows, with generated yield from PYUSD flowing back to depositors, while maintaining exposure to fully-backed, regulated stablecoins.
The introduction of the PayFi Vault reinforces the role of the currency layer versus the financing layer in blockchain-based financial systems:
The upcoming launch of the nPAYFI Vault on Nest aligns with Plume’s broader mission to bring any real world asset of value onchain. PayFi use cases represent yet another category of RWAs, and the inclusion of PYUSD and PayFi solutions naturally fall under RWAfi - as part of Plume's ecosystem, this enhances liquidity and efficiency of those assets in global markets. By introducing structured payment financing solutions using stablecoins, Plume is establishing a foundation for a more inclusive and scalable financial ecosystem.
“RWA-backed stablecoins have evolved beyond just a medium of exchange; they are becoming the backbone of short-term financing solutions,” said Teddy Pornprinya, Co-founder of Plume. “The new PayFi Vault on Nest is a major step toward offering yield from the full potential of onchain payment financing, offering faster settlements, lower costs, and greater financial inclusion.”
nPAYFI will also offer various upcoming financing yield opportunities through strategic partners to be announced soon - these partnerships represent just the beginning of Plume’s PayFi ecosystem expansion. As Plume continues to build infrastructure for RWAs, the PayFi Vault marks an important milestone in bringing payment financing to DeFi, leveraging stablecoins as a trusted and efficient asset class for real world financial applications.
About Plume
Plume is the first full-stack L1 RWA chain purpose-built for Real World Asset Finance (RWAfi), enabling the integration and adoption of real world assets through its ecosystem. With 180+ protocols building on the network and a $25M RWAfi Ecosystem Fund for early-stage projects, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume enables seamless DeFi integration for RWAs so anyone can tokenize real world assets, distribute them globally, and make them useful for crypto-native users.
Learn more at https://plumenetwork.xyz and https://x.com/plumenetwork.
This post is commissioned by Plume and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
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