Plume is dedicated to bringing the tokenization of real-world assets on-chain and building the RWAfi ecosystem.
Article author, source: Plume
Beijing time, December 18, 2024 - 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 co-invested by renowned institutions including Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, 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 for Plume's vision of building an on-chain RWAfi ecosystem.
Since its seed funding round, Plume has achieved explosive growth, with over 180 protocols being built within its ecosystem and an asset scale exceeding $4 billion. Plume recently completed an 8-week testnet with impressive data performance, attracting over 18 million wallets, 3.75 million active users, and over 280 million transactions. Additionally, Plume's recent pre-staking activities were oversubscribed in less than 90 minutes, raising over $30 million and laying a strong momentum for the upcoming mainnet launch.
As a leader in RWAfi, Plume has built the infrastructure to facilitate on-chain interaction with the real world. Through products like Plume Arc (modular tokenization engine) and Plume Nexus (real-world data providers), Plume has become the simplest choice for bringing real-world assets on-chain, while also providing users the 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 as they do with crypto-native assets. Whether earning real returns by holding oil royalties, deploying them into lending markets for recycling, or investing these tokens into perpetual contract decentralized exchanges, Plume is the only on-chain platform that provides permissionless access to the real world through crypto.
“There has been huge demand for real-world assets (RWA) on-chain, but in the past, there has been a lack of infrastructure to bring these assets on-chain,” 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 succeeded in this, other RWAs have not yet succeeded. Now, through Plume, all types of asset issuers can become crypto-native builders. With our technology and ecosystem, we connect them directly to our community, ecosystem, and liquidity, all in an open, permissionless, and composable manner.”
This round of funding will accelerate Plume's commitment to creating the first Layer-1 blockchain focused on RWA for crypto-native users and institutions, while supporting the development of applications and products in emerging markets built on Plume. This will further advance its mission - to bring real-world assets on-chain and serve crypto-native users as well as the largest financial institutions.
“Plume's innovative approach to RWA fully leverages the unique capabilities of DeFi native blockchains, combined with their profound understanding of traditional financial institutions and entirely new user incentive mechanisms, especially in emerging markets,” said Will Nuelle, partner at Galaxy Ventures. “Excitingly, Plume is bringing alternative investment categories such as carbon credits, special financial products, and GPUs on-chain, which are currently not easily accessible to investors.”
Plume is committed 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 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.