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Brevan Howard Digital, Haun Ventures, Galaxy Ventures and others participated in the financing.
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Plume aims to facilitate interaction with the real world onchain.
Plume, the first fully integrated Layer 1 modular Blockchain focused on real-world asset finance (RWAfi), has announced the closing of a $20 million Series A funding round with Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others. This demonstrates the sector’s strong conviction from native and traditional crypto finance investors in Plume’s vision of an onchain RWAfi ecosystem.
Since its initial round, plume has experienced explosive growth with more than 180 protocols created in its ecosystem, representing more than $4 billion in assets. The 8-week long testnet recently featured over 18 million wallets, 3.75 million assets, and over 280 million transactions.
Plume makes it easy to access real-world assets (RWA)
Leading RWAfi, Plume builds infrastructure that facilitates interaction with the real onchain world. Plume is both the easiest place to bring real-world assets from the real-world onchain with products like Plume Arc (modular tokenization engine), Plume Nexus (real-world data provider), and also to interact with those assets on Plume’s EVM blockchain.
In Plume, users can Seamlessly exchange, trade and speculate on real-world assets with the same ease as when they interact with crypto-native assets. It is the only place where users can access the real world through cryptocurrencies, whether it is earning a real return on holding oil royalties, placing them in a lending market to loop against them, or placing those tokens in a perps dex.
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“RWAs have always had enormous demand onchain, but historically the infrastructure to carry these assets onchain has not existed. Just take a look at the original RWA, the stablecoin: it is one of the best Cryptocurrency products for onboarding new users. But the key to adoption, however, is the ecosystem and user experience – while the stables have nailed it, the rest of the RWAs have not. So now, with Plume, asset issuers of all types can become crypto-native builders. Through our technology and ecosystem, we connect you directly to our community, ecosystem and liquidity, and all in an open, permissionless and composable way.”
Chris Yin, co-founder and CEO of Plume.
Plume unlocks the hidden potential of RWA
The funds raised in this round will accelerate Plume’s commitment to creating the first L1 RWA blockchain for crypto natives and institutions. At the same time, they will support new applications and products in emerging markets built on Plume, driving its mission to bring the real world onchain to everyone, from crypto natives to the largest financial institutions.
“Plume’s approach to RWA leverages the unique capabilities of DeFi-native blockchain rails and combines them with its deep understanding of the incentives that drive traditional financial institutions and net new users to enter the chain, especially in the emerging markets. “It is exciting to see alternative investment classes such as carbon credits, specialized financial products and GPUs brought to the chain through Plume, which are not easily accessible to investors today.”
Will Nuelle, General Partner at Galaxy Ventures.
plume pretends Unlock the untapped potential of physical assets and economic data to create opportunities for real performance, sustainable growth and global accessibility. Users will be able to access Plume at the mainnet launch starting early next year.
About Plume
Plume is the first fully integrated L1 modular blockchain focused on RWAfiwhich offers a composable, EVM-compatible environment for onboarding and managing various real-world assets.
With over 180 projects on its private devnet, Plume provides an end-to-end tokenization engine and network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs.
Get more information from Plume on your website or contact your team with press@plumenetwork.xyz.
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