New York, December 18, 2024 - Plume, the first fully modularized integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), announced today that it has completed a $20 million Series A financing round. This round of financing was led by Brevan Howard Digital, Haun Ventures, Galaxy Ventures and Lightspeed Faction, with participation from well-known institutions such as Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. This financing demonstrates the crypto industry and traditional financial investors high recognition of Plumes vision of building an on-chain RWAfi ecosystem.
Since its seed round, Plume has experienced explosive growth, with over 180 protocols being built within its ecosystem and over $4 billion in assets. Plume recently completed an 8-week testnet with impressive data, attracting over 18 million wallets, 3.75 million active users, and over 280 million transactions. In addition, Plume’s recent pre-staking event was oversubscribed in less than 90 minutes, raising over $30 million, laying a strong momentum for the upcoming mainnet launch.
As the leader in RWAfi, Plume has built infrastructure that facilitates on-chain interaction with the real world. Through products such as Plume Arc (modular tokenization engine), Plume Nexus (real-world data provider), Plume has become the easiest option to bring real-world assets to the chain, while also facilitating users to interact with these assets on Plumes EVM blockchain. On Plume, users can seamlessly exchange, trade, and speculate on real-world assets just as they interact with crypto-native assets. Whether its earning real income by holding oil royalties, putting them into the lending market for recycling, or putting these tokens into perpetual contract decentralized exchanges, Plume is the only on-chain platform that accesses the real world through encryption and permissionlessness.
“There has always been a huge demand for real-world assets (RWAs) to be on-chain, but the infrastructure to bring these assets on-chain has been lacking in the past,” said Chris Yin, co-founder and CEO of Plume. “Looking at the original RWA, stablecoins, it is one of the best products in the crypto space and provides a great entry point for new users to enter the crypto world. But the key to adoption is the ecosystem and user experience - while stablecoins have done it, other RWAs have not yet succeeded. Now with Plume, all types of asset issuers can become crypto-native builders. Through our technology and ecosystem, we connect them directly to our community, ecology, and liquidity, and do it all in an open, permissionless, and composable way.”
This round of financing will accelerate Plumes commitment to create the first RWA-focused Layer-1 blockchain for crypto-native users and institutions, while supporting application and product development in emerging markets built on Plume. This will further advance its mission of bringing real-world assets to the chain and serving crypto-native users and even the largest financial institutions.
“Plume’s innovative approach to RWAs leverages the unique capabilities of DeFi-native blockchains and combines them with their deep understanding of traditional financial institutions and new user incentives, especially in emerging markets,” said Will Nuelle, partner at Galaxy Ventures. “It’s exciting that Plume is bringing alternative investment classes such as carbon credits, special financial products, and GPUs to the chain, which are currently not easily accessible to investors.”
Plume is dedicated 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 with 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 a variety of real-world assets. With more than 180 projects built on its private development network, Plume provides an end-to-end tokenization engine and a range of financial infrastructure partners to simplify the asset access process and enable seamless integration of real-world assets with DeFi. For more information, visit https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.
