The Plume project has successfully raised $20 million in a Series A funding round, with participation from renowned investment funds.
On December 18, 2024, Plume a layer-1 blockchain focused on Real-World Assets (RWA)—announced the successful completion of its Series A funding round, raising $20 million from leading investors, including Brevan Howard Digital, Haun Ventures, Superscrypt, Hashkey, Reciprocal Ventures, and other prominent funds.
The funds will be used to expand Plume's ecosystem, develop its infrastructure, and deliver optimized solutions to bridge blockchain technology with traditional financial institutions.
Since its Seed round, Plume has achieved significant milestones, strengthening its position in the crypto market. To date, the Plume ecosystem has grown to include over 180 protocols, with a total transaction volume exceeding $4 billion.
During an 8-week testnet phase, the platform achieved remarkable results:
Over 18 million wallets created.
375 million active users.
More than 280 million transactions processed.
Notably, a pre-mainnet deposit campaign held on July 15, 2024, attracted over $30 million in just 90 minutes.
Plume secures funding from major partners. Source: Plume
Vision and Future Development Strategy
Plume aims to become a bridge between traditional financial institutions and the Web3 space while building an ecosystem to support the tokenization of real-world assets, enabling users to easily access assets such as carbon credits and GPUs.
Key Products from Plume:
Plume Arc: A tokenization tool that transforms real-world assets into digital assets.
Plume Nexus: A real-world data provider that supports asset verification and data integration.
According to Chris Yin, Co-Founder and CEO of Plume, the platform's goal is to act as a connector between traditional institutions and the Web3 space, thereby fostering a transparent and efficient trading environment.
"Plume will even unlock access to alternative assets that were previously challenging for many investors, such as GPUs and carbon credits."
-- Will Nuelle, Partner at Galaxy Ventures, commented --
The Plume team plans to launch its mainnet in early 2025, aiming to become a pioneering platform in the RWA sector. This move is expected to open new investment opportunities and optimize the trading of real-world assets.
In addition, Plume is committed to continuous development, contributing to the innovation of the crypto market and solidifying its position as a leading blockchain in the RWA space.
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