According to ChainCatcher news, tokenization startup Plume has completed a $20 million funding round led by Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures. With this, Plume's total funding amount has reached $30 million. The company is building the first financial ecosystem for physical assets (RWAfi), supporting the tokenization of diverse assets ranging from Pokémon cards to oil reserves.
Plume CEO Chris Yin stated that there are currently 180 projects being developed on its network, including the decentralized private credit platform Credbull. This blockchain is set to open to users in early 2025 and will offer features such as asset yield acquisition, physical collectibles trading verification, and real-time data-based asset price prediction. The funding will be used to expand coverage from crypto-native users to traditional financial institutions and to optimize customized features for developers.
According to Web3 asset data platform RootData, Plume is a fully integrated modular chain focused on RWAfi. They have built the first modular, composable EVM-compatible chain centered on RWA, aiming to simplify the onboarding of all types of assets and capital through native infrastructure and unified RWAfi-specific features across the chain. Plume is constructing a composable DeFi ecosystem around RWAfis, featuring an integrated end-to-end tokenization engine and a network of financial infrastructure partners for plug-and-play builders.