#PlumeNetwork positions itself as the first Layer 1 (L1) blockchain built specifically for Real World Assets (RWAfi), providing a crypto-native environment, redefining the landscape of RWA interaction. Plume distinguishes itself from traditional financial models by increasing the accessibility, liquidity, and shareability of RWAs by leveraging decentralized finance (DeFi) principles. Its ecosystem allows crypto natives to interact with RWAs more efficiently and securely.
The project has garnered significant interest, with more than 3.75 million active addresses and 280 million on-chain transactions over the 8-week testnet. It also has a strong community with more than 630 thousand followers on Twitter and more than 420 thousand on Discord. Plume has raised over $30 million in funding from leading investors such as Brevan Howard, Haun Ventures, Galaxy Digital and Superscrypt and is backed by a team with deep experience from firms such as Coinbase, Robinhood and BNB Chain.
In addition to its strong foundation, Plume recently announced a $25 million RWAfi Ecosystem Fund designed to invest in the future of RWAfi with support from leading VCs such as Mechanism, Galaxy Digital and Hashkey.
The strategic partnership with #ONDO Finance further strengthens Plume's position in this emerging field. Ondo, the leading institutional RWA protocol with a total value of more than $600 million and a fully diluted value (FDV) of $14 billion, is bringing tokenized US Treasuries, including USDY, to the Plume ecosystem. This collaboration significantly improves the services offered by Plume and enables it to reach more customers.