According to ChainCatcher, the modular real asset finance (RWAfi) blockchain project Plume Network announced on September 18 that it had successfully joined the Tokenized Asset Coalition (TAC). TAC selected 21 new members from more than 175 applicants, including Plume Network, a16z, Arbitrum, Aptos, Galaxy Digital, Wisdom Tree, Axelar and Hashnote, aiming to promote more than $1 trillion in assets on the chain and promote the adoption of public blockchains, asset tokenization and institutional DeFi.
Plume Network said it will work to promote more than $3 billion in assets on the chain and continue to work with industry leaders to enhance the tokenization of physical assets, simplify regulatory processes, and promote decentralized financial innovation. The project has processed more than $280 million in on-chain transactions during the test network and attracted more than 18 million wallets to participate.
ChainCatcher previously reported that according to The Block, Plume Network, a Layer 2 network focusing on real-world assets (RWA) on-chain, raised $10 million in a seed round led by Haun Ventures. Other investors included Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures.
