EtherFi turns to real-world assets for yield with $25M Plume allocation

EtherFi will integrate Plume’s Nest vaults, beginning with exposure to a Superstate-backed fund and expanding to a dedicated RWA vault within its platform.

EtherFi has allocated $25 million to Plume’s real-world asset (RWA) protocol Nest, marking a move to integrate tokenized RWA yield directly into its platform as it looks to expand beyond crypto-native sources of return.

According to Thursday’s announcement, rollout will begin with exposure to Plume’s nBASIS vault, which is tied to Superstate’s USCC crypto carry fund, with plans to add a dedicated real-world asset vault directly into EtherFi’s interface in a later phase.

The initial allocation gives EtherFi users indirect exposure to a strategy combining crypto basis trades, staking rewards and government securities, a structure traditionally available only to institutional or sophisticated investors.

The integration will extend RWA exposure across EtherFi’s more than $6 billion in user deposits. According to Plume, the vault structure is designed to simplify access by handling execution and reporting onchain, while incorporating predefined risk controls and compliance features.

EtherFi is a crypto yield platform that began with Ethereum liquid staking and has since expanded into broader yield offerings, while Plume provides infrastructure that packages institutional investment strategies into onchain vaults, giving users exposure to institutional strategies managed offchain through integrated crypto platforms.

Plume has also taken steps toward integrating with traditional financial systems, including registering as a transfer agent with the US Securities and Exchange Commission in October.

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Unlike traditional DeFi yield, which is generated within crypto markets, real-world assets strategies derive returns from income streams such as interest on government securities and lending activity.

According to data from RWA.xyz, the value of tokenized real-world assets has surged to more than $27 billion from about $5.7 billion at the start of 2025. Much of that growth has been driven by tokenized US Treasury products, which account for over $11 billion in onchain value.

Tokenized Treasurys give investors onchain access to government-backed debt instruments, combining blockchain-based settlement with yield from short-term bills and money market funds. 

Products from companies including BlackRock, Franklin Templeton and Circle account for a significant share of the market, with Circle’s USYC holding about $2.3 billion, BlackRock’s BUIDL fund around $2 billion and Franklin Templeton’s onchain fund over $1 billion in assets.

Plume reports 262,325 RWA holders holding more than $348 million in tokenized assets, with distributed asset value up 69% over the past 30 days, according to RWA.xyz data. Its Nest vault products are already live, including a basis-focused vault with more than $26 million in assets

In November, Plume co-founder and CEO Chris Yin told Cointelegraph that the tokenized real-world asset market could grow as much as fivefold this year.

He added that while most RWA value is currently concentrated in US Treasury bills, a maturing market and shifting interest rate environment are driving users to seek higher-yield opportunities elsewhere.

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Source: CoinTelegraph