Plume, a NYC-based provider of an integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), raised $20M in Series A funding.
Backers included 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.
The company intends to use the funds to accelerate its commitment to creating an L1 RWA blockchain for crypto-natives and institutions while supporting new applications and products in emerging markets.
Led by CEO Chris Yin, Plume is providing an integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, it provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFiintegration for RWAs.
Since its seed round, Plume has seen growth with over 180 protocols building in its ecosystem, representing over $4B in assets. The network’s recently concluded 8-week testnet boasted over 18M wallets, 3.75M actives, and over 280M transactions. Additionally, Plume’s recent pre-deposit campaign was oversubscribed with more than $30M filled in less than 90 minutes, building momentum ahead of its mainnet launch.
FinSMEs
18/12/2024