Plume Turns Paychecks Into Yield-Bearing Assets
Plume Turns Paychecks Into Yield-Bearing Assets
Plume, a blockchain focused on real-world assets (RWAs), has launched a payroll pilot, enabling employees to convert part of their salaries into yield-bearing fund shares. Plume turns paychecks into yield-bearing assets with its onchain infrastructure.
Introduction to Plume's Payroll Pilot
The pilot pairs Plume's onchain infrastructure with Toku's stablecoin payroll platform and WisdomTree's tokenized money market fund, WTGXX. Participating Plume employees can make a one-time election to route a portion of their pay into fund shares.
Benefits of Tokenized Money Market Funds
WTGXX has emerged as one of the fastest-growing tokenized Treasury funds, surging more than 700% between May and August last year. This growth demonstrates the potential benefits of tokenized money market funds, including increased liquidity and yield.
Key Features of WTGXX
- Tokenized money market fund
- Available on Solana
- Debit card spending functionality
How Plume's Payroll Pilot Works
Participating employees can purchase fund shares via WisdomTree Connect and hold them in verified wallets linked to WisdomTree Prime accounts. This process allows employees to easily convert part of their salaries into yield-bearing assets without interacting with crypto exchanges or moving funds onchain manually.
Key Takeaways
- Plume's payroll pilot enables employees to convert part of their salaries into yield-bearing fund shares
- WTGXX has surged more than 700% in growth
- The pilot pairs Plume's onchain infrastructure with Toku's stablecoin payroll platform and WisdomTree's tokenized money market fund
- Participating employees can purchase fund shares via WisdomTree Connect
Frequently Asked Questions
What is Plume's payroll pilot?
Plume's payroll pilot is a program that enables employees to convert part of their salaries into yield-bearing fund shares.
How does WTGXX work?
WTGXX is a tokenized money market fund that allows users to purchase fund shares and hold them in verified wallets linked to WisdomTree Prime accounts.
