According to Techub News, RWA tokenization startup Plume has completed a new round of funding of $20 million, led by Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures. This funding round will be used to expand its client base from crypto-native users to traditional financial companies and asset management firms.
Plume provides infrastructure for developers to offer RWA financing, with its newly launched blockchain focusing on the tokenization of real-world assets. A total of 180 projects have begun building on the infrastructure of this network, including a decentralized private credit platform called Credbull. Although developers can already start building on Plume's blockchain, the company states that users will have to wait until early next year to gain access.