Plume and ether.fi launch RWA vault with $100 million allocation

Plume and ether.fi have launched a new yield-bearing real-world asset vault, with ether.fi allocating $100 million to the product. The allocation is drawn from ether.fi's liquidity provider base, including funds, family offices and high-net-worth individuals, as well as managed capital from its liquid vaults covering liquid ETH, liquid USD and liquid BTC yield products, which hold around $300 million in total value locked, Charles Mountain, head of ecosystem at ether.fi, told The Block. The vault is available through ether.fi's app and is designed to give users exposure to yield from tokenized RWAs as investors look for steadier returns and less exposure to DeFi (blockchain-based finance) volatility and exploit risks. Plume said the vaults resemble structured income products, offering access to a basket of institutional assets such as overcollateralized credit pools, AAA-rated collateralized loan obligations and total bond market exchange-traded funds sourced from asset managers overseeing more than $10 trillion in assets. The company added that the vaults are non-custodial and compliance-focused, supported by a Bermuda Monetary Authority (Bermuda financial regulator) license and Securities and Exchange Commission (U.S. markets regulator) transfer agent approval through Kimber Transfer Agency.