Plume Network partners with Google Cloud and CloudMile to transform the real-world asset market with artificial intelligence.
The full-stack layer-1 blockchain seeks to redefine the RWA ecosystem and announced the partnership in an announcement on December 20.
According to the L1 team, the partnership with Google Cloud aims to revolutionize the onboarding process of real-world assets by leveraging artificial intelligence. In this case, Plume will use the cloud computing giant’s infrastructure to automate the assessment of RWA projects via AI.
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“This collaboration will boost Plume’s data intelligence suite for RWAs by leveraging Vertex AI and cutting-edge GPU infrastructure (A100 and V100 processors), enabling faster, secure and compliant tokenization and analysis of RWAs” , Plume said in a post on X.
CloudMile’s AI and cloud technology will be key to the partnership, Plume said.
As the crypto industry welcomes the increasing intersection of blockchain and AI, CloudMile’s expertise will assist in the overall implementation of the AI-powered initiative. Real-time compliance and analytics using Google Cloud’s BigQuery, Dataflow and Looker Studio will also help drive 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 others.
In October, Plume partnered with private lender Credbull to launch high-yield solutions platform LiquidStone. Another partnership is the alliance with Chateau Capital, focused on the tokenization of illiquid assets to unlock opportunities in the $500 million private market sector.
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