According to the official announcement, Plasma and Aave are launching the first institution-specific on-chain global financial system fund, leveraging yield capabilities to attract fintech companies and drive mass blockchain adoption.
Plasma's official press release announced a collaboration with Aave to launch the first institution-specific on-chain global financial system fund. The initiative leverages Aave's robust yield capabilities and the Plasma platform to encourage fintech companies and institutions to migrate core services onto the blockchain, with the goal of onboarding billions of users to on-chain finance.