Summary:
Plume raises $20 million for real-world asset tokenization.
Focuses on creating a real-world asset finance ecosystem (RWAfi).
Users can earn returns, trade collectibles, and bet on asset prices.
180 projects already building on Plume’s infrastructure.
Funding will help expand from crypto users to traditional finance.
Plume's Innovative Blockchain
Plume’s blockchain is designed to transform investments and trading in real-world assets by offering a seamless platform for users. As traditional financial institutions explore ways to integrate cryptocurrencies, the interest in tokenization is rapidly growing, creating digital representations of tangible assets.
Recent Funding Success
Recently, Plume closed a $20 million investment round led by prominent firms including Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures. This brings the total funding to $30 million.
The company’s co-founder and CEO Chris Yin stated that their goal is to build the first real-world asset finance ecosystem, or RWAfi.
Blockchain Features
Yin emphasizes that Plume will provide infrastructure for developers to offer RWA financing. Unlike existing blockchains like Ethereum, Plume focuses specifically on real-world asset tokenization, aiming to attract a community of crypto-native users before branching into traditional finance.
Users will interact with Plume’s blockchain in three key ways:
- Earn returns on tokenized assets such as T-bills.
- Trade real-world collectibles by verifying authenticity.
- Bet on events or asset prices using real-world data.
Growing Ecosystem
With 180 projects already in development on Plume’s infrastructure, including the decentralized credit platform Credbull, the company is poised for growth. Credbull is set to roll out a fixed yield credit facility on the Plume blockchain.
While developers can start building now, users must wait until early next year for access.
Future Plans
Plume aims to use the latest funding to broaden its reach from crypto-native users to traditional financial firms and asset managers, facilitating easier customization for developers. Yin asserts that this ecosystem allows for extensive connectivity, enabling users to borrow, lend, and interact globally in ways that were previously unattainable.
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