Plume Network is collaborating with CloudMile and Google Cloud to use artificial intelligence to revolutionize the market for real-world assets.
Redefining the RWA ecosystem is the goal of the full stack layer-1 blockchain, which revealed the collaboration in a release on December 20.
The L1 team claims that their partnership with Google Cloud intends to transform the onboarding procedure for real-world assets by utilizing artificial intelligence.
In this instance, Plume plans to use the cloud computing behemoth infrastructure to automate the AI evaluation of RWA initiatives. Plume noted in a post on X:
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” .
According to Plume, the partnership will rely heavily on CloudMile’s AI and cloud technology. As the cryptocurrency sector embraces the growing convergence of blockchain and artificial intelligence, CloudMile’s experience will support the entire execution of the AI-powered initiative.
As Plume seeks to open up RWAfi investment prospects for institutions, real-time compliance, and analytics using Google Cloud’s BigQuery, Dataflow, and Looker Studio will also support the implementation of tokenized RWA.
Among other venture capital firms, Brevan Howard Digital, Haun Ventures, and Galaxy Digital led a $20 million Series A round that Plume recently finished.
In October, Plume and Credbulll, an on-chain private credit provider, collaborated to introduce LiquidStone, a platform for high yield solutions.
The association with Chateau Capital is another venture that aims to unleash potential in the $500 million private markets sector by tokenizing liquid assets.
