According to TechFlow, on September 21, The Block reported that Plume Network, a modular L2 blockchain focusing on RWA, announced plans to tokenize approximately $1.25 billion in physical assets by the fourth quarter. These assets include solar power plants, private credit, invoices backed by medical insurance, and mining rights.
Chris Yin, the company’s CEO, said that Plume Network is unique in its proprietary access to high-yielding privately held assets, including $500 million in private credit fund Credbull, $300 million in solar power plants from Plural Energy, some oil and gas mineral rights, and $120 million in health insurance claims.
Earlier news, Plume Network completed a $10 million seed round of financing led by Haun Ventures in May.