KEY TAKEAWAYS
- Animoca Brands’ Moca Network partners with Plume to integrate digital identity infrastructure with real-world asset finance.
- The collaboration enables Moca Network’s AIR Kit to be compatible with Plume’s RWAfi ecosystem, enhancing access to institutional-grade asset yield offerings.
- This partnership aims to redefine digital identity interaction with real-world assets, leveraging Moca Network’s extensive reach and Plume’s RWA expertise.
- Industry leaders emphasize the importance of self-sovereign digital identities as the Web3 market evolves.
Animoca Brands’ Moca Network has announced a strategic partnership with Plume, the first Layer 1 RWA Chain designed for real-world asset finance (RWAfi). This collaboration will integrate Moca Network’s AIR Kit digital identity infrastructure with Plume, enabling access to institutional-grade real-world asset yield offerings and staking products.
The integration will allow Moca Network’s AIR Kit to be fully compatible with the Plume RWAfi ecosystem. This compatibility will enable projects on Plume to create and embed universal accounts into applications, as well as issue and verify credentials for rewards and access. Over 700 million users from Moca Network’s partner ecosystems, including SK Planet, OneFootball, and MyAnimeList, will be able to use their universal AIR account to access Plume’s full-stack RWAfi hub.
This partnership aims to redefine the interaction between real-world assets and digital identity on the open internet. Moca Network’s extensive reach, derived from Animoca Brands’ portfolio of over 540 companies, combined with Plume’s expertise in RWA, seeks to enhance the value of the network with RWA products offered by the Plume ecosystem.
Kenneth Shek, project lead of Moca Network, stated that RWAfi is pivotal for the tokenization of global assets. He emphasized the importance of self-sovereign and privacy-preserved digital identities as the industry matures and more institutions enter the Web3 market.
Chris Yin, CEO of Plume Network, expressed enthusiasm for the partnership, highlighting the synergy between Moca Network’s digital identity infrastructure and Plume’s mission to integrate real-world assets seamlessly. He noted that this collaboration will unlock new opportunities for users worldwide.
The partnership was announced here.
Why This Matters: Impact, Industry Trends & Expert Insights
The partnership between Animoca Brands’ Moca Network and Plume represents a significant development in the integration of digital identity solutions with real-world asset finance (RWAfi) systems. This collaboration aims to enhance the accessibility and functionality of RWA products through robust digital identity infrastructure.
A Finextra report highlights that tokenization of real-world assets is experiencing explosive growth, driven by regulatory clarity and institutional investments. This aligns with the Moca Network and Plume partnership, which seeks to leverage digital identity for tokenization, enhancing user access to RWA yield offerings.
Recent industry research suggests that digital identity solutions are crucial for secure and compliant trading of tokenized assets, particularly RWAs. This supports the partnership’s goal to integrate digital identity with RWA finance, ensuring secure and efficient asset management.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
