Plume, which is the first fully integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), announced the closing of a $20 million Series A funding round from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others, showcasing strong industry conviction from crypto-native and traditional finance investors in Plume’s vision of an on-chain RWAfi ecosystem.
Since its seed round, Plume has seen tremendous growth, with over 180 protocols building in its ecosystem, representing over $4 billion in assets. And the network’s recently concluded 8-week testnet boasted over 18 million wallets, 3.75 million actives, and over 280 million transactions. Plus, Plume’s recent pre-deposit campaign was oversubscribed, with over $30 million filled in less than 90 minutes, building momentum ahead of its mainnet launch.
Since its seed funding round, Plume has seen explosive growth with over 180 protocols building in its ecosystem, representing over $4 billion in assets. The network’s recently concluded 8-week testnet boasted over 18 million wallets, 3.75 million actives, and over 280 million transactions. Additionally, Plume’s recent pre-deposit campaign was oversubscribed, with over $30 million filled in less than 90 minutes, building momentum ahead of its mainnet launch.
Plume – at the helm of RWAfi – builds the infrastructure that makes it easy to interact with the real world on-chain. And Plume is considered the easiest place to bring real-world assets from the real-world on chain with products like Plume Arc (modular tokenization engine) Plume Nexus (real-world data provider) and interact with those assets on Plume’s EVM blockchain. On Plume, users can seamlessly swap, trade, and speculate on real-world assets just as easily as they can when interacting with crypto-native assets.
Whether it is earning real yield from holding oil royalties, putting that into a lending market to loop against it, or putting those tokens into a perps dex, Plume is the only place where users can permissionlessly access the real world via crypto rails.
The funding raised in this round will accelerate Plume’s commitment to creating the first L1 RWA blockchain for crypto-natives and institutions while supporting new applications and products in emerging markets built on Plume, furthering its goal of bringing the real world on-chain for everyone from crypto-natives to the largest financial institutions.
Plume looks to unlock the untapped potential of physical assets and economic data to create opportunities for real yield, sustainable growth, and global accessibility. Users can access Plume on mainnet launch starting early next year.
KEY QUOTES:
“RWAs have always had tremendous onchain demand, but historically the infrastructure to bring these assets onchain just hasn’t existed. Just look at the original RWA, the stablecoin – it’s one of the best products in crypto for onboarding new users. But the key to adoption, however, is the ecosystem and user experience – while stables have nailed it, the rest of RWAs have not. So now with Plume, asset issuers of all kinds can become crypto native builders. Through our technology and ecosystem, we plug them directly into our community, ecosystem, and liquidity and all in an open, permissionless, and composable way.”
- Chris Yin, cofounder and CEO of Plume
“The Plume approach to RWA leverages the unique capabilities of DeFi-native blockchain rails and combines it with their deep understanding of the incentives that drive traditional financial institutions and net new users to come onchain, especially in emerging markets. It’s exciting to see alternative investment classes such as carbon credits, specialty finance products, and GPUs brought onchain via Plume that are not easily accessible to investors today.”
- Will Nuelle, General Partner of Galaxy Ventures
