Moca Network, from Animoca Brands has partnered with Plume, the first Layer 1 blockchain designed for real-world asset finance (RWAfi).
This alliance puts Moca Network’s AIR Kit identification system into Plume’s ecosystem and will allow millions of users to access high grade reward yield and staking products.
With this integration, Moca Network users from SK Planet, OneFootball, and MyAnimeList can seamlessly connect with Plume’s ecosystem using their universal AIR account.This means over 700 million users to real-world asset (RWA) staking and yield opportunities that are provided by Plume’s partner asset issuers.
This move improves the connection between digital identity based on blockchain and traditional financial assets, making RWA investment more accessible to a wider audience.
Unlocking the Potential of Digital Identity in Web3
Moca Network Air kit brings a universal and privacy-preserved identity solution, allowing projects built on plume to not only to validate credentials but also to distribute rewards, enabling seamless access to financial products.
The integration brings a new level of interoperability between digital identities and RWA, which bolsters Moca Network’s vision of an open internet where users have control of their own data and access financial opportunities.
Kenneth Shek, Lead for Moca Network projects, talked about the growing demand for digital identities which are private and preserved right as adoption of Web3 increases.
“We believe that RWAfi is the cornerstone of tokenization for the entire world. As the industry matures and more institutions enter the Web3 space, self-sovereign digital identities will become essential,” Shek stated.
A Step Towards Frictionless RWA Adoption
Chris Yin, CEO of Plume Network, expressed enthusiasm for the partnership, emphasizing how identity infrastructure from Moca Network complements Plume’s goals.
“Together, we’ll create a powerful synergy between RWAfi and interoperable digital identity, unlocking new opportunities for users globally,” he said.
With this collaboration, Moca Network and Plume are taking an important step toward seamless connection between traditional finance and blockchain technology. making RWA investments more accessible and secure for users worldwide.
Read also: Senate Banking Committee Set to Vote on the GENIUS Stablecoin Bill This Week
