Plume Secures $20 Million in Series A Funding to Expand Real-World Asset Finance Ecosystem

Plume, a modular layer-1 blockchain designed for real-world asset finance, has successfully raised $20 million in a Series A funding round. This significant investment was led by prominent blockchain and crypto-focused venture capital firms, including Brevan Howard Digital, Haun Ventures, and Galaxy Ventures.

Accelerating Development and Expansion

The funding will be utilized to accelerate the development of Plume’s layer-1 blockchain and expand its RWA finance ecosystem. This ecosystem aims to bring traditional financial assets on-chain, catering to both crypto-native users and institutions. The raised capital will also support the creation of decentralized finance applications and tokenized products that leverage Plume’s unique approach.

Facilitating Alternative Investment Classes

Plume’s infrastructure enables the facilitation of alternative investment classes, including carbon credits, graphics processing units, and specialty finance. According to Chris Yin, co-founder and CEO of Plume:

RWAs have always had tremendous on-chain demand, but historically the infrastructure to bring these assets on-chain just hasn’t existed. With Plume, asset issuers of all kinds can become crypto native builders.

Strategic Collaborations and Partnerships

Earlier this month, Plume Network collaborated with private asset tokenization platform Chateau Capital to tokenize illiquid assets, potentially unlocking over $500 million in opportunities within private markets. Additionally, Plume has partnered with DigiFT, a regulated RWA exchange based in Singapore, to onboard institutional-grade assets and offer access to uMINT, a tokenized money market fund by UBS Asset Management.

Investor Support and Previous Funding Rounds

The $20 million Series A funding round also attracted investment from Lightspeed Faction, Hashkey, and Nomura Group’s Laser Digital. This funding follows a successful pre-deposit campaign earlier this year, which raised $30 million in just 90 minutes. The platform had previously secured $10 million in a seed round in May 2024.

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