The Plumeberg News – BlackRock’s $150B Tokenization Move, Plume x Sony, and the $4T Real Estate Future

This week, the real world asset (RWA) space saw landmark moves from both legacy institutions and emerging blockchain leaders. BlackRock announced the tokenization of a $150B Treasury fund, Deloitte forecasted $4 trillion in tokenized real estate by 2035, and Plume inked a major partnership with Sony’s public blockchain Soneium. While institutional infrastructure continues to grow, Plume’s CEO reminded the industry that true institutional capital in RWAfi is still years away—a timely reality check amid the hype.

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1）Weekly RWA Highlights

Sony’s Soneium Blockchain Partners With Plume for RWA Staking and Yield

Sony’s public blockchain Soneium has partnered with Plume Network to bring RWA staking and yield generation to Soneium’s user base. The integration will utilize SkyLink, Plume’s native cross-chain interoperability layer, enabling secure cross-chain real world asset transfers and further embedding Plume’s RWA infrastructure into major consumer-facing blockchain ecosystems.

Deloitte Forecasts $4 Trillion Real Estate Tokenization Market by 2035

According to a new Deloitte report, over $4 trillion in real estate assets are expected to be tokenized by 2035, driven by increasing demand for liquidity, fractional ownership, and transparent property investing. This marks a major validation of real estate tokenization as a core use case within the broader real world asset (RWA) ecosystem.

BlackRock to Tokenize $150B Treasury Fund via BNY Mellon

In a groundbreaking development, BlackRock is launching DLT Shares—blockchain-based digital representations of its $150 billion Treasury Trust Fund. Issued exclusively via BNY Mellon, this initiative aims to provide institutional investors with an immutable, transparent ledger of share ownership, reinforcing the momentum behind blockchain-based asset management.
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Plume CEO: “Institutions Aren’t Ready Yet for RWAs”

In a candid interview during Token2049 Dubai, Chris Yin, CEO of Plume, stated that the RWA market remains too early for significant institutional adoption. Comparing the RWAfi movement to the early days of Bitcoin and stablecoins, Yin emphasized that value creation and user adoption must come first before institutions commit capital at scale. His remarks highlight the importance of building infrastructure before chasing institutional validation.

2）RWA Market Commentary

This week illustrates a widening gap between institutional innovation and institutional readiness. While BlackRock’s DLT Share initiative signals growing trust in blockchain rails, Yin’s comments underscore that real capital flows will lag unless products demonstrate utility and demand.

Meanwhile, real estate tokenization continues to dominate long-term narratives, with Deloitte’s $4 trillion forecast backing up years of on-chain experimentation. At the same time, consumer chains like Sony’s Soneium integrating with purpose-built RWA platforms like Plume show that the retail-to-institutional pipeline is being constructed from both ends.

As partnerships deepen and infrastructure matures, interoperability, yield opportunities, and regulatory clarity remain the three pillars of progress in RWAfi.

3）Narrative Overview

RWA Index Ranking (19.78%)

4）Tokenized Assets Analytics

Global Market Overview:

Total RWA Onchain: $21.96B (+9.91% from 30d ago)
Total Asset Holders: 98,274 (-83.25% from 30d ago)
Total Stablecoin Value: $233.36B (+2.45% from 30d ago)

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Conclusion

The tokenization of a $150B fund by BlackRock, a $4T forecast for real estate RWAs, and the rising role of chains like Soneium mark a tipping point in real world asset tokenization. But as Plume’s leadership reminds us, the industry’s biggest challenge is not technological—it’s demonstrating sustainable value before institutional money flows in.

Expect to see more activity in stable, high-yield asset classes, deeper retail–institutional integrations, and continued experimentation across blockchain-native and traditional finance ecosystems.

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