Plume, the first fully modular integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), has today announced the completion of a $20 million Series A funding round. This round was led by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Lightspeed Faction, with participation from notable institutions such as Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. This funding showcases the high recognition from both the crypto industry and traditional financial investors for Plume's commitment to building an on-chain RWAfi ecosystem.
Since its seed round financing, Plume has experienced explosive growth, with over 180 protocols building within its ecosystem and an asset scale exceeding $4 billion. Plume recently completed an 8-week testnet with impressive data performance, attracting over 18 million wallets, 3.75 million active users, and over 280 million transactions. Additionally, Plume's recent pre-staking activity was oversubscribed in less than 90 minutes, raising over $30 million and laying a strong momentum for the upcoming mainnet launch.
As a leader in RWAfi, Plume has built infrastructure that facilitates on-chain interaction with the real world. Through products like Plume Arc (modular tokenization engine) and Plume Nexus (real-world data providers), Plume has become the simplest choice to bring real-world assets on-chain while also providing convenience for users to interact with these assets on Plume's EVM blockchain. On Plume, users can seamlessly exchange, trade, and speculate on real-world assets just like interacting with crypto-native assets. Whether it's earning real yields by holding oil royalties, deploying them to lending markets for recycling, or putting these tokens into perpetual contracts at decentralized exchanges, Plume is the only on-chain platform that provides access to the real world in a permissionless manner through crypto.
"There has been tremendous demand for real-world assets (RWA) on-chain, but there has been a lack of infrastructure to bring these assets on-chain," said Chris Yin, co-founder and CEO of Plume. "Looking at the original RWA—stablecoins, which are among the best products in the crypto space, they provide an excellent entry point for new users into the crypto world. But the key to adoption lies in the ecosystem and user experience—while stablecoins have succeeded in this, other RWAs have not. And now, through Plume, various asset issuers can become crypto-native builders. Through our technology and ecosystem, we connect them directly to our community, ecosystem, and liquidity, all in an open, permissionless, and composable manner."
This funding round will accelerate Plume's commitment to creating the first Layer-1 blockchain focused on RWA for crypto-native users and institutions, while also supporting the development of applications and products in emerging markets built on Plume. This will further drive its mission to bring real-world assets on-chain, serving both crypto-native users and even the largest financial institutions.
"Plume's innovative approach to RWA fully leverages the unique capabilities of a DeFi-native blockchain and combines them with a deep understanding of traditional financial institutions and new user incentive mechanisms, especially in emerging markets," said Will Nuelle, partner at Galaxy Ventures. "It's exciting that Plume is bringing alternative investment categories like carbon credits, special financial products, and GPUs on-chain, which are currently not easily accessible to investors."
Plume is committed to unlocking the untapped potential of real assets and economic data to create new opportunities for real yields, sustainable growth, and global accessibility. Users will be able to access Plume starting from the mainnet launch at the beginning of next year.
About Plume
Plume is the first fully modular integrated Layer-1 blockchain focused on RWAfi, providing a composable, EVM-compatible environment for accessing and managing various real-world assets. With over 180 projects already building on its private development network, Plume offers an end-to-end tokenization engine along with a range of financial infrastructure partnerships, simplifying asset access processes and achieving seamless integration of real-world assets with DeFi. For more information, visit https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.