Plume Vaults Launches nONYC, Taking OnRe's Tokenized Reinsurance Beyond Solana
- —nONYC will launch on Monad and Ethereum, extending ONyc beyond Solana
- —Plume Vaults' total value locked has surpassed $200 million
- —More than $225 million in ONyc is deployed across Solana DeFi protocols
- —ONyc yields come from insurance premiums and collateral, not crypto incentives
Why it matters: The move pushes tokenized real-world assets across multiple chains, widening access to reinsurance-backed yield for EVM users.
Source: Crypto Economy