San Francisco, CA, USA, May 23, 2024, Chainwire
Plume has already seen over 80 RWA projects spanning collectibles, alternative assets, synthetics, luxury goods, real estate, DeFi and more, all built on the testnet-only network.
Plume, the first modular Layer-2 EVM built to bring any real-world asset (RWA) to the chain, announces its $10 million seed round led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures. , Reciprocal Companies and others. Notable angels include founders and leading project executives such as Anthony Ramirez of Wormhole Labs, Calvin Liu of EigenLayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng and Jayendra Jog of Sei Network, Adam Lawrence of rwa.xyz, Austin King and Omni's Tyler Tarsi, Centrifuge's Martin Quensel and more.
The RWA industry is one of the fastest growing crypto verticals today, but a critical gap remains: to date there has been no permissionless blockchain equipped with full-stack RWA infrastructure to implement any kind of active in a compatible manner. Plume was founded to solve this real-world asset integration challenge by providing the necessary infrastructure for traditional financial participants to participate, while also offering innovative products that appeal to the crypto-native community. By integrating asset tokenization and compliance into its chain along with specific RWA chain-level modifications, Plume simplifies the implementation process and offers a dynamic ecosystem for cross-investment and diversification. The robust DeFi ecosystem on Plume allows users to do everything with RWAs, from earning yield, borrowing/lending, trading, and speculating with leverage.
On testnet alone, Plume has already seen rapid growth with over 80 RWA and DeFi projects based on its private testnet with everything from collectibles, alternative assets, synthetics, luxury goods, real estate, lending/borrowing protocols, perpetual DEX and more.
Chris Yin, CEO and Co-Founder of Plume, shared: “We are excited to have Haun Ventures lead our round as our approach to RWAs marks a fundamental shift. While many are trying to solve tokenization through permissioned environments, Plume stands out by prioritizing a cryptographic approach We operate as a permissionless chain, offering seamless compliance tools as a notable feature Our modular end-to-end tokenization and EVM-based L2 engine makes it easy to onboard and interact with assets and capital institutions. larger to retail trade.”
Chris Ahn, Partner at Haun Ventures, said: “The Plume team’s vision for asset tokenization extends beyond T-bill tokenization. Plume Network provides custom tools and an ecosystem designed specifically for RWA of any type. “Plume will reshape the way the world interacts with and derives value from real-world assets.”
The Plume team features top-tier talent from Web3 and traditional finance who joined from leading firms such as Coinbase (NASDAQ 🙂, Binance, Robinhood (NASDAQ 🙂 Crypto, dYdX, JP Morgan and LayerZero.
Teddy Pornprinya, co-founder of Plume, formerly at Coinbase Ventures and Binance, said: “The traditional view of real-world tokenized assets is no longer interesting in today's markets; What people are looking for today are cryptocurrency use cases involving RWA. “Plume makes it easy to trade, earn and speculate on any real-world asset so people can benefit from both the benefits of cryptocurrencies and exposure to RWA.”
To learn more about users, you can visit the Plume website and check out the details of the incentivized testnet coming soon:
For media inquiries, users can contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.
About pen
Plume is the first modular EVM L2 blockchain dedicated to all real-world assets (RWA) that integrates asset tokenization and compliance providers directly into the chain. Plume's mission is to simplify the complicated RWA project implementation processes and offer investors a blockchain ecosystem to cross-pollinate and invest in multiple RWAs. Additionally, Plume enables composability of RWA through its thriving DeFi applications and provides access to high-quality buyers to increase the liquidity of all tokenized RWA. For more information about Plume, visit
ContactsCEOChris Yinplume net[email protected]marketing directortiffany lungplume net[email protected]
This article was originally published on Chainwire.
