Plume is committed to tokenizing real-world assets on-chain to build the RWAfi ecosystem.

Article author, source: Plume

Beijing time, December 18, 2024 – Plume, the first fully modular integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), today announced the completion of a $20 million Series A funding round. This round was jointly invested by renowned institutions including Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. This funding illustrates the high recognition from both the crypto industry and traditional financial investors for Plume's vision of building an on-chain RWAfi ecosystem.

Since its seed round funding, Plume has experienced explosive growth, with over 180 protocols being built within its ecosystem and an asset scale exceeding $4 billion. Plume recently completed an 8-week testnet, showing impressive data, 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 interactions with the real world. Through products like Plume Arc (modular tokenization engine) and Plume Nexus (real-world data providers), Plume becomes the simplest choice for bringing real-world assets on-chain while also enabling 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 they do with crypto-native assets. Whether earning real yield by holding oil royalties, deploying it into lending markets for recycling, or putting these tokens into perpetual contract decentralized exchanges, Plume is the only on-chain platform that provides permissionless access to the real world through crypto.

“There has always been huge 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. “Look at the original RWA—stablecoins, which are one of the best products in the crypto space, providing 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 achieved this, other RWAs have not succeeded yet. Now, through Plume, asset issuers of all kinds can become crypto-native builders. Through our technology and ecosystem, we connect them directly to our community, ecosystem, and liquidity, and all of this is achieved in an open, permissionless, and composable way.”

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 supporting the development of applications and products in emerging markets built on Plume. This will further advance its mission of bringing real-world assets on-chain and serving crypto-native users as well as the largest financial institutions.

“Plume's innovative approach to RWA leverages the unique capabilities of DeFi native blockchains while combining a deep understanding of traditional financial institutions and new user incentive mechanisms, especially in emerging markets,” said Will Nuelle, partner at Galaxy Ventures. “Excitingly, Plume is bringing alternative investment categories such as carbon credits, special financial products, and GPUs on-chain, which are currently not easily accessible to investors.”

Plume is dedicated to unlocking the untapped potential of real assets and economic data to create new opportunities for real yield, sustainable growth, and global accessibility. Users will be able to access Plume starting from the mainnet launch early 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 built on its private development network, Plume offers an end-to-end tokenization engine and a range of financial infrastructure partners to streamline asset access and achieve seamless integration of real-world assets with DeFi. For more information, please visit https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.