Plume, a fully integrated modular blockchain platform built for real-world assets (RWA), announced today that it has received a strategic investment from a fund managed by Apollo, a global alternative asset management company. Plume is building an Ethereum Virtual Machine (EVM)-compatible on-chain environment and full-stack infrastructure to transform traditional financial instruments, carbon emission credits, GPU computing power, collectibles and other alternative assets into composable digital assets and connect to its RWAfi ecosystem to enable new on-chain functions.
This round of financing will help Plume accelerate the construction of its modular blockchain infrastructure and provide RWA on-chain solutions for crypto-native users, traditional financial institutions, and asset issuers. As RWA continues to gain attention in traditional and crypto markets, this investment will further promote Plumes mission to enable users to obtain and use RWA as seamlessly and flexibly as native crypto assets.
In Plumes RWAfi ecosystem, users can easily exchange, borrow, earn returns, and speculate on RWA. In addition, the financing will also support the continued expansion of the Plume ecosystem. Currently, the project has made positive progress in the testnet stage, with more than 18 million wallet addresses participating and more than 200 protocols integrated.
Christine Moy, Partner and Head of Digital Assets at Apollo, said: “Our investment in Plume reflects Apollo’s focus on technologies that can expand the accessibility of institutional-grade products and improve user experience. As private assets and funds accelerate on-chain, the infrastructure built by Plume has the potential to increase the utility of digital assets, promote investor participation, and drive the next generation of financial solutions, helping to promote a more efficient and programmable financial system.”
While traditional RWA paths typically focus on bringing institutional products on-chain, Plume’s architecture further enhances the usability of these assets in a crypto-native DeFi environment. Plume creates an on-chain environment that enables users to exchange, borrow, mortgage, or develop new applications based on these previously static assets.
Teddy Pornprinya, co-founder and chief business officer of Plume, said: We are very happy to have the support of Apollo to jointly advance the vision of RWA on the chain. We have always believed that RWA is not just tokenization, the real challenge lies in how to realize its actual use on the chain. Through Plume, we are building an environment that enables asset issuers to seamlessly connect liquidity, community, and distribution channels, thereby realizing the value release that was previously difficult to achieve.
About Plume
Plume is building a full-stack blockchain and ecosystem for RWAfi, driving the adoption and on-demand integration of real-world assets. Currently, more than 200 projects are being developed on the Plume network, and the platform provides an EVM-compatible, composable on-chain environment for introducing and managing a variety of real-world assets. Through an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies the asset on-chain process and achieves seamless integration with DeFi, allowing anyone to tokenize real-world assets, distribute them globally, and serve crypto-native users.
For more information, please visit: https://plumenetwork.xyz
Contact: press@plumenetwork.xyz
