Plume Network is partnering with Google Cloud and CloudMile to transform the real-world assets market with artificial intelligence.
The full stack layer-1 blockchain seeks to redefine the RWA ecosystem and disclosed the partnership in an announcement on Dec. 20.
According to the team at the L1, teaming up with Google Cloud aims at revolutionizing the onboarding process of real-world assets by tapping into artificial intelligence. In this case, Plume is set to leverage the cloud computing giant’s infrastructure to automate the appraisal of RWA projects via AI.
“This collaboration will turbo-charge Plume’s data intelligence suite for RWAs by leveraging Vertex AI and cutting-edge GPU infrastructure (A100 & V100 processors), enabling faster, secure, and compliant tokenization and analysis of RWAs,” Plume noted in a post on X.
CloudMile’s AI and cloud technology will be key to the collaboration, Plume said.
As the crypto industry welcomes the rising intersection of blockchain and AI, CloudMile’s expertise will help 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 help drive the tokenized RWA adoption as Plume looks to unlock RWAfi investment opportunities for institutions.
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 credit provider Credbulll to launch the high yield solutions platform LiquidStone. Another partnership is the alliance with Chateau Capital, aimed at the tokenization of illiquid assets to unlock opportunities in the $500 million private markets sector.
