PANews, December 18, reported by Fortune magazine, that the tokenization startup Plume has completed a new round of financing of $20 million, led by Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures, bringing its total financing amount to $30 million. Plume will use the funds raised in this latest round to expand from crypto-native users to traditional financial firms and asset management companies.
According to reports, Plume will provide developers with infrastructure for RWA financing, with its new blockchain focusing on the tokenization of real-world assets. A total of 180 projects have begun to build on this network's infrastructure, including a decentralized private credit platform named Credbull. Although developers can already build on Plume's blockchain, the company stated that users will have to wait until early next year to gain access.