The integration with Function establishes FBTC as the native Bitcoin asset on Plume, unlocking compliant, yield-bearing opportunities.
Real-world asset blockchain Plume announced a strategic partnership and full native integration with Function, designating FBTC as the canonical Bitcoin asset on the Plume network. The collaboration enables institutions to seamlessly bring Bitcoin on-chain, unlocking access to real-world asset (RWA) markets, yield-bearing opportunities, and liquidity within Plume’s compliant decentralised finance (DeFi) ecosystem.
Through this integration, institutional users can now collateralise BTC to access liquidity across Plume’s DeFi and RWA ecosystems, while BTC holders can deploy FBTC into Bitcoin-backed RWA products to earn regulated, on-chain yield. FBTC will serve as the standardised entry point for Bitcoin capital across the Plume network.
“We’re excited to bring FBTC, a functional asset, to Plume, helping unlock Bitcoin for RWA use cases,” said Thomas Chen, CEO of Function. “Unlike wrapped assets that are idle and passive, FBTC activates real RWA utility, expanding Plume’s RWA platform to Bitcoin holders.”
“Bitcoin is evolving from something you hold to something you use,” said Teddy Pornprinya, Co-founder of Plume. “Through FBTC, we’re giving institutions the tools to unlock yield and utility from their BTC in a compliant, secure environment.”
This integration creates an institutional-grade bridge for Bitcoin, allowing BTC to be used productively across the Plume ecosystem, including RWA vaults (Nest), lending markets, and liquidity pools.
By integrating FBTC, Plume and Function are pioneering a new chapter for real-world Bitcoin adoption. The collaboration seeks to unlock over US$2.2 trillion in dormant Bitcoin value, bridging traditional finance (TradFi) and DeFi liquidity within a regulated, interoperable framework. This partnership sets a new benchmark for BTCfi, demonstrating how Bitcoin can serve as the foundation for on-chain financial infrastructure.
“Together, Plume and FBTC are catalysing cross-chain finance,” added Chen. “This partnership unites BTC, RWAs, and stablecoins in one programmable, compliant financial layer for institutional capital.”
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