Connect with us

Technology

Plume Network Taps Ondo Finance to Broaden RWAfi Ecosystem with Tokenized US Treasuries

Published

on

NEW YORK, Dec. 30, 2024 /PRNewswire/ — Ondo Finance, renowned for its institutional-grade financial products on the blockchain, and Plume Network, the first fully integrated and modular layer-1 blockchain designed for Real World Asset Finance (RWAfi), are excited to announce plans to expand the use cases of RWAfi by natively issuing Ondo’s Tokenized US Treasuries products on the Plume Network, including United States Dollar Yield (USDY), Ondo’s US Treasuries-backed yieldcoin.

This collaboration combines Ondo’s expertise in institutional-grade DeFi products and asset management with Plume’s blockchain infrastructure tailored to RWA projects, protocols, and capital providers. Together, the relationship aims to simplify onboarding for RWAs and streamline capital integration via RWAfi-specific features. With over $450M in TVL across 8 blockchains, USDY currently offers a 4.65% APY and will enable global (non-US) individual and institutional investors on Plume to access the utility of stablecoins combined with yield generation secured by US Treasuries.

Accelerating RWAfi Adoption
Plume has established itself as a pioneer in RWAfi, facilitating asset tokenization and integrating capital and compliance providers directly within its blockchain infrastructure. With support for over 180 RWAfi projects in development, Plume offers a secure and cost-efficient ecosystem for RWAfi-focused entities and asset issuers.

“Our mission at Plume is to construct a composable financial ecosystem that enables seamless trading of real world assets,” said Chris Yin, CEO at Plume. “Integrating Ondo into our ecosystem allows us to offer investors a comprehensive platform for investment diversification across various RWAs, further accelerating the development process for RWAfi-focused entities.”

Enhancing Accessibility and Compliance

Ondo Finance is dedicated to making institutional-grade financial products and services accessible to everyone. By combining blockchain technology with best practices from traditional finance—including investor protections, transparency, legal and regulatory compliance—Ondo creates and manages tokenized financial products while developing decentralized finance protocols.

The collaboration will focus on expanding the use cases of RWAfi for USDY, bringing a composable, yield-bearing asset to a nascent RWA ecosystem to create new opportunities for users and issuers alike.

“We are excited to integrate our US Treasuries products into the Plume ecosystem, given the clear success of RWAfi being shepherded by the Plume Network,” said Katie Wheeler, VP of Partnerships at Ondo. “Plume is creating a network effect of opportunities for RWA issuance, and having a composable, yield-bearing asset to power this economy is a boon for both the asset utility and the ecosystem as a whole.”

Integrating Proven RWAfi Leadership

The teams at Ondo Finance and Plume Network include professionals with extensive experience from globally recognized institutions such as JP Morgan, BlackRock, Goldman Sachs, McKinsey & Co., Coinbase, Robinhood, LayerZero, Binance, and dYdX. This exceptional blend of traditional finance and blockchain expertise equips the partnership with the strategic acumen and technical know-how to address the evolving needs of the RWAfi ecosystem. By uniting these seasoned leaders, Ondo and Plume are uniquely positioned to deliver state-of-the-art solutions and unlock new opportunities in real-world asset finance.

About Ondo Finance
Ondo Finance is a web3 native technology and asset management company that is building towards an open and more accessible financial system by launching institutional-grade assets, services and infrastructure on public blockchains. Ondo’s first core products are tokenized cash equivalents that deliver very low risk, high quality yield from US Treasuries, money market funds and similar instruments, offering onchain investors an alternative to stablecoins where holders rather than issuers earn the vast majority of the underlying asset yield. For more information, visit https://www.ondo.finance and https://www.ondo.finance/usdy

About Plume
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at plumenetwork.xyz or contact press@plumenetwork.xyz.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/plume-network-taps-ondo-finance-to-broaden-rwafi-ecosystem-with-tokenized-us-treasuries-302340097.html

SOURCE Plume Network

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

THIRDREALITY Showcases Latest Innovations in Smart Home Technology at CES 2025

Published

on

By

LAS VEGAS, Jan. 2, 2025 /PRNewswire/ — THIRDREALITY, a leader in the smart home technology industry, is excited to present its latest breakthroughs at CES 2025, which promise to enhance the daily living experience through superior integration and functionality. Visit us at the Venetian Expo, Booth 52565 from January 7-10.

This year, THIRDREALITY is thrilled to unveil several key products, each designed to address specific aspects of home automation and user convenience:

Smart Hub Gen3: Supports both Zigbee and Matter protocols. With local storage, cloud services, and local routine support, you can enjoy exceptional smart home control. Whether it’s home automation or remote management, experience reliable and efficient smart living.Motion Sensor R1: Powered by a 5.8G mmWave radar sensor for customizable detection with adjustable sensitivity. Battery-powered for easy installation, making smart home integration effortless and seamless.Smart Switch MT1: The first Thread product of THIRDREALITY. This product embodies the brand’s commitment to innovation, leveraging advanced Thread technology for exceptional responsiveness and seamless smart home integration, paving the way for the future of smart living.Smart Plug with Wi-Fi Sense: Transform your Wi-Fi into a powerful motion-sensing network with WiFi Motion. This camera-free, AI-driven solution provides motion alerts and analysis while safeguarding your privacy.Smart Blind Gen2: Designed for large windows (34 to 80 inches) and equipped with dual motors for smooth operation. With up to 1.5 years of battery life, it supports customization for various window needs.Water Leak Sensor KM1: Protect your home with our comprehensive water leak detection kit—featuring an 80-meter range, customizable alarm alerts, and seamless Matter compatibility. Stay connected and secure with reliable, scalable leak monitoring.

THIRDREALITY will also introduce the ListenCare Senior Speaker, a sound solution designed specifically for seniors with hearing impairments. This speaker enhances the daily lives of the elderly by offering clear, customizable audio. Featuring ultra-low latency technology, it ensures perfect synchronization between audio and visual media, while flexible volume control and personalized sound frequency settings allow users to adjust audio to their specific hearing needs. Whether for watching TV or enjoying music, the ListenCare Senior Speaker ensures every note and word is crystal clear, making it a perfect addition to any senior’s home environment. This innovative product highlights THIRDREALITY’s commitment to enhancing accessibility and quality of life for the elderly through smart technology.

We invite all CES attendees to our booth to experience these transformative technologies in action. For more information about THIRDREALITY and our range of products, please visit our official website at www.3reality.com.

About Third Reality:

Third Reality is a smart home technology company, dedicated to developing high-quality, user-friendly, and secure smart home products. Through continuous innovation and a deep understanding of market needs, the company strives to provide an improved smart home experience for users worldwide.

For more information, please visit www.3reality.com or follow our social media platforms.

Related Links:

Facebook: https://www.facebook.com/ThirdReality.offical
Twitter: https://twitter.com/thirdrealityinc
YouTube: https://www.youtube.com/channel/UCG_rpEZrPoJNErGtvh5juHg
TikTok: https://www.tiktok.com/@thirdrealityofficial
Instagram: https://www.instagram.com/thirdreality_inc 

Media Contact:
Tina Zhu
Marketing Manager
Third Reality, Inc.
info@3reality.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/thirdreality-showcases-latest-innovations-in-smart-home-technology-at-ces-2025-302340539.html

SOURCE Third Reality, Inc.

Continue Reading

Technology

Guns.com Outpaces Competition in 2024, Surging Momentum Carries into 2025

Published

on

By

Online Retailer Continues to Revolutionize the Online Shopping Experience for Gun Owners, Manufacturers, and Local Dealers Nationwide

BURNSVILLE, Minn., Jan. 2, 2025 /PRNewswire-PRWeb/ — The future of online firearm sales is here, and Guns.com is leading the way. The fastest-growing online retailer in the firearms industry celebrates a record year in revenue with a 10% increase in customers, one of the highest growth rates in the firearm industry. More than a million new consumers shopped for the first time on Guns.com this year, on top of a strong base of loyal gun buyers. This achievement marks the biggest year for customers and firearm transactions on Guns.com since launching their retail operations in 2018. The leading online retailer has hit double-digit growth rates in sales every year since launch.

“The customer experience on Guns.com has become a benchmark in the industry. In addition to our cutting-edge technology, our success is largely due to the strategic partnerships with many of the industry’s best manufacturers and our growing network of 2,000 local FFL dealers nationwide.”

Guns.com’s leading technology provides the best online shopping experience the Second Amendment community has come to expect. With over half a billion dollars in sales since inception, local gun stores and manufacturers value a turn-key national marketplace to grow their businesses. More and more gun owners continue to prefer the innovative and modern way of buying and selling guns offered by Guns.com.

“In just six years, we have become one of the nation’s leading platforms for buying and selling firearms, suppressors, ammo, optics, and more,” says Greg Minkler, Co-CEO and CMO of Guns.com. “The customer experience on Guns.com has become a benchmark in the industry, and we are proud to be the best online shopping experience in the firearm industry. In addition to our cutting-edge technology, our success is largely due to the strategic partnerships with many of the industry’s best manufacturers and our growing network of 2,000 local FFL dealers nationwide.”

Gun owners value the ease and usability of Guns.com, finding the precise gun they want thanks to the hundreds of thousands of listings from their national network of local gun stores and manufacturers. Exceptional customer service helps gun owners through each transaction, from understanding regulations to handling paperwork and ensuring a smooth transfer experience at the customer’s FFL of choice.

Strategic Industry Partnerships

Groundbreaking partnerships with large and small manufacturers across the industry doubled in the past year as more top brands are seeing the benefits of the unique business model of Guns.com. With the ability to drive sales directly to brick-and-mortar FFL dealers, Guns.com helps manufacturers grow in-store sales through an e-commerce platform like no other company can. Challenges in reaching customers are a thing of the past for manufacturers as they partner with Guns.com to implement innovative and strategic marketing solutions with access to real-time data and monthly reports.

“Working with Guns.com has been a positive experience,” says Kamil Mroczka, director of sales at Colt’s Manufacturing Company, LLC. “Together, we combine innovative marketing with targeted sales strategies, driving growth and achieving lasting success through creativity and collaboration.”

Manufacturers can connect directly to consumers with industry-leading innovations, like in-cart instant rebates and the “Buy Now” button, linking customers directly from a manufacturer’s website to an accurate and in-stock product listing on Guns.com. Renowned manufacturers such as FN America, Colt, Glock, KelTec, Smith & Wesson, Taurus, Rossi, Heritage Manufacturing, Rock River, Ruger, Walther, B&T USA, Kimber, CZ USA, Savage Arms, and many more are capitalizing on custom-branded pages on Guns.com to enhance their presence and connect with a broader audience.

Additionally, Guns.com launched a partnership in 2024 with Silencer Central, the suppressor industry leader, to offer a growing list of suppressors to millions of customers. Featuring the award-winning BANISH® line, customers can now conveniently shop for suppressors in addition to firearms, ammo, and gear. When a customer buys a suppressor on Guns.com, the purchase is fulfilled through Silencer Central, including all required paperwork and ATF forms. Once approved, the suppressor ships directly to the buyer’s door, avoiding expensive transfer fees.

Powering Local Businesses

An expansive and fresh inventory of more than 30,000 firearms is made possible by a growing network of over 2,000 local brick-and-mortar FFL dealers and pawn brokers. Guns.com quickly connects these licensed and vetted businesses with millions of customers nationwide through a simple and powerful marketplace. Dealers are drawn to Guns.com’s low-cost, user-friendly platform, which makes inventory management, order processing, and customer service simple.

“For years, we’ve tried other listing sites, but none were as effective and easy to use as Guns.com,” says Tim Hensley at Towers Armory in Oregon, Ohio. “We partnered up with Guns.com in early 2022, and since then, we have gone from average in-house sales to an online powerhouse.”

By joining the Guns.com network, local brick-and-mortar dealers expand their consumer reach and increase their sales with a higher margin. Local dealers are at ease knowing they are not competing against big box stores, private FFLs, or non-storefront FFLs on Guns.com. Business owners and managers can also keep their firearms for sale in-store, eliminating the complexity and hassle of quarantining inventory.

Revolutionizing the Used Gun Market

Guns.com is the only online firearm retailer to offer Certified Used guns, giving customers confidence and trust when buying a used gun. All used firearms purchased by Guns.com undergo a rigorous 10-point inspection process before receiving the “Certified” badge and are listed for sale. Customers also benefit from free shipping on all Certified Used guns, and a “no questions asked” return policy.

Local firearm dealers nationwide are seeing record sales of used firearms in 2024 through Guns.com. Used and certified used firearm sales are up 12% year over year, with used firearms accounting for nearly 26% of dealer sales.

Additionally, gun owners are choosing Guns.com to sell their older or unwanted firearms to get cash or to upgrade their collection. Their innovative online system guides the gun owner through simple steps to share basic details, features, and images of their firearm. The secure and streamlined process takes gun owners two minutes to submit their firearms for appraisal on average. Once submitted, the Guns.com expert appraisal team will review the request and provide a cash offer within one business day.

“This past year saw an increase of 13% more offers made and paid to gun owners. Since launching our Gift Card payout option in July, we’ve issued hundreds of thousands of dollars in gift cards, with each customer receiving a bonus gift card up to $50. These cards can immediately be used to upgrade the gun they sold – allowing consumers to essentially trade in their old gun and upgrade to any of the tens of thousands of firearms for sale on Guns.com” states Senior Buyer for Guns.com, Mark Sims. “Our appraisal team has over 100 years of combined experience, providing hundreds of competitive offers daily.”

Guns.com invites you to experience the best, most innovative shopping experience in the firearms industry at https://www.guns.com/. If you are interested in partnering with Guns.com to elevate your business in 2025, please email marketing@guns.com.

About Guns.com

Guns.com is the ultimate destination for gun owners, revolutionizing the online firearms retail experience since 2011. With an unwavering commitment to innovation, efficiency, and exceptional customer satisfaction, they empower and equip people to exercise their Second Amendment rights. With a growing network of over 2,000 local brick-and-mortar dealers, explore an extensive collection of over 30,000 new and Certified Used firearms. Stock up on a range of suppressors, ammo, gear, and more. Stay informed with industry news, in-depth product reviews, and exclusive content from top manufacturers. Experience why Guns.com stands unrivaled as the premier online marketplace for firearms and suppressors.

Media Contact

Dave Conlan, Guns.com, 1 8044860673, dave.conlan@guns.com, https://www.guns.com/

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/gunscom-outpaces-competition-in-2024-surging-momentum-carries-into-2025-302338139.html

SOURCE Guns.com; Guns.com

Continue Reading

Technology

Kanerika Unveils AI Agents Redefining Workplace Efficiency

Published

on

By

AUSTIN, Texas, Jan. 2, 2025 /PRNewswire/ — Kanerika, a leading AI and data solutions company, has announced the launch of three AI agents: Alan, Susan, and Mike. Designed to simplify some of the most strenuous and time-consuming tasks in the workplace, these agents bring a new level of efficiency to legal document summarization, data redaction, and quantitative proofreading.

Kanerika Unveils three AI Agents Redefining Workplace Efficiency

“We believe AI agents are the future of work,” said Samidha Garud, Co-founder and CEO of Kanerika. “With the launch of Alan, Susan, and Mike, we’re addressing some common yet labor-intensive business tasks. These AI agents save valuable employee time, enhance productivity, and reflect our commitment to innovation and enterprise growth.”

Meet the AI Agents

Alan – The Legal Document Summarizer

Alan transforms lengthy legal documents into concise summaries. Users can customize summaries with simple, natural language rules tailored to their needs. With unlimited summary generation, Alan drastically reduces time spent on legal reviews, streamlining contract analysis and enhancing efficiency.

Susan – The PII Redactor

Susan ensures compliance by redacting sensitive information such as names and numbers. Upload your document, specify fields to redact, and Susan delivers a secure, redacted version to your inbox, meeting stringent data privacy standards.

Mike – The Proofreader

Mike validates documents with precision, checking quantitative data for arithmetic accuracy, and cross-document consistency. It flags discrepancies and provides a detailed report, helping businesses maintain error-free, trustworthy documentation.

Accessibility and Pricing

Kanerika is offering the basic versions of these AI agents for free, allowing users to experience the transformative potential of these tools. For those requiring advanced features, a professional version with enhanced capabilities is available at a competitive price point.

About Kanerika

Kanerika is a premier data and AI solutions company that helps enterprises enhance efficiency with innovative technologies. Known for employing cutting-edge methodologies, Kanerika delivers exceptional outcomes across industries. Certified with ISO 27701 & 27001, SOC II, and GDPR compliance, and appraised at CMMi Level 3, Kanerika is committed to quality service delivery. As a distinguished partner of Microsoft, AWS, and Informatica, Kanerika empowers businesses with robust solutions that drive growth and innovation.

For more information, please contact:
marketing@kanerika.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kanerika-unveils-ai-agents-redefining-workplace-efficiency-302340077.html

SOURCE Kanerika Inc.

Continue Reading

Trending