Plume Co-Founder Eugene Y. Q. Shen, who helped tokenise $4 billion price of real-world property (RWA), reportedly handed away earlier this week.
The group says will probably be taking a while to grieve over the subsequent few days. A Plume assertion learn, “We’re in shock. Eugene was brilliant, deeply curious, and brought so much talent and heart to everything he did. Our thoughts are with his family and loved ones.”
Based on his LinkedIn profile, Eugene joined Plume as a co-founder in January 2024 alongside Chris Yin and Teddy Pornprinya.
He beforehand graduated from the College of British Columbia with a bachelor’s in engineering physics earlier than becoming a member of Robinhood as a software program engineer.
Plume is a crypto agency that focuses on tokenizing RWA. It claimed final December to have introduced $4 billion price of RWA on-chain and has tokenised renewable power, minerals, non-public credit score, and worldwide authorities bonds.
A separate instance of RWA tokenisation noticed New Jersey’s Bergen County announce a partnership with Avalanche and Balcony to tokenise $240 billion price of housing deeds.
Nonetheless, Plume’s CEO Yin has beforehand questioned the estimates of RWA’s $21 billion market and mentioned that the trade remains to be very early when it comes to adoption.
Protos has reached out to Plume for remark.
