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 led by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Lightspeed Faction, with participation from renowned institutions such as Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. This funding demonstrates the high recognition from both the crypto industry and traditional financial investors of Plume's commitment to building an on-chain RWAfi ecosystem.
Since its seed funding round, Plume has experienced explosive growth, with over 180 protocols building within its ecosystem and assets totaling over $4 billion. Plume recently completed an 8-week testnet, demonstrating strong 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 foundation for the upcoming mainnet launch.
As the leader in RWA finance (RWAfi), Plume has built infrastructure that facilitates interaction between on-chain and the real world. With products like Plume Arc (modular tokenization engine) and Plume Nexus (real-world data providers), Plume becomes the easiest choice to bring real-world assets on-chain, while also providing users with convenience 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 it's earning real returns by holding oil royalties, deploying it in the lending market for recycling, or putting these tokens into perpetual contracts on decentralized exchanges, Plume is the only on-chain platform that provides crypto-based and permissionless access to the real world.
"There has been a huge demand for Real World Assets (RWA) on-chain, but there has been a lack of infrastructure to bring these assets on-chain in the past," 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 yet succeeded. 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 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 also supporting application and product development in emerging markets built on Plume. This will further drive its mission – to bring real-world assets on-chain, serving crypto-native users and even the largest financial institutions.
"Plume's innovative approach to RWA leverages the unique capabilities of DeFi-native blockchains 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. "Excitingly, Plume is bringing alternative investment categories like carbon credits, specialized financial products, and GPUs on-chain, which are currently not easily accessible to investors."
Plume is dedicated to unlocking the untapped potential of physical assets and economic data to create new opportunities for real returns, sustainable growth, and global accessibility. Users will be able to access Plume starting from the mainnet launch in 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. Over 180 projects have already been built on its private development network, and Plume offers an end-to-end tokenization engine along with a range of financial infrastructure partners, simplifying asset access processes and achieving seamless integration of real-world assets with DeFi. For more information, please visit https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.