As blockchain strives for mainstream acceptance in the halls of the U.S. Congress, a growing number of compliance-oriented cryptocurrency projects are hoping that a more favorable regulatory environment will soon lead to a surge in blockchain-based real-world assets (RWAs). One of those startups, Plume, has raised $10 million in seed funding to build a layer-one blockchain specifically for RWAs. The company’s Ethereum blockchain is being pitched as a one-stop platform that makes it easy to bring offline assets onto the blockchain. Plume’s technology is based on Arbitrum Nitro, a framework for building second-layer “rollup” chains that can quickly and cheaply write transactions to Ethereum.
