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We’re excited to announce a new $20M Series A funding round for Plume! We’re grateful to get to work with amazing investors from both leading crypto & traditional financial institutions: Brevan Howard Digital, Lightspeed Faction, Haun Ventures, Galaxy Ventures, Hashkey, Laser Digital (Nomura Group), 280 Capital, Superscrypt, A Capital, SV Angel, Reciprocal Ventures, and others.
We were fortunate to see amazing growth in the last year and have had the honor of working with more than 180 protocols that are building on Plume, representing over $4B in assets. Our testnet ran for 2 months, and had over 18M wallets, 3.75M actives, and 280M transactions. We oversubscribed our $5M pre-deposit vault more than 8x with $40M+ committed to the vault in just 90 minutes. We’ve seen some incredible momentum and we’re grateful to our amazing community.
Plume started with a simple idea: life is better onchain. And so we wanted to make the real world as accessible and easy to use as crypto native assets. We’ve built infrastructure to do two things – make Plume the easiest place to bring anything from the real world onchain with Plume Arc and Nexus, and to make Plume the easiest place to transact in assets with our EVM-compatible blockchain.
But Plume and real world assets (RWAs) are more than just tokenization. Tokenization is simply a step in the journey to what’s actually important – bringing the real world onchain. What we care about are real asset-backed, crypto native use cases – yield farming, looping, speculating – or what we call RWAfi. Whether it’s earning passive yield from holding oil royalty tokens, looping against your carbon credits, or speculating with leverage on the price of Pokemon cards, Plume is reshaping how we interact with the real world.
Bringing assets from the offchain world onchain requires purposeful design in order to enhance their value. You need to plug these assets into an ecosystem where they are fully composable and useful across a number of protocols, and also put it into the hands of a robust community of users ready to experiment and innovate. Plume is designed from the ground up for this exact use case – our open, permissionless, and composable RWAfi ecosystem brings the entire RWA and crypto community together to build the future.
Stablecoins are the original and most successful RWA. Stablecoins were built for and adopted by crypto natives before it became the best way to onboard all types of new users – from retail users in emerging markets to the largest institutions in the world. Stablecoins have already shown us the path, we just need to follow it. Build for crypto natives and then expand. Focus on user experience. And make it so seamless that people forget that it’s an “RWA”.
This round accelerates our mission to create the infrastructure needed to bring the real world onchain. Our purpose-built RWAfi blockchain expands the landscape that crypto operates on so we can onboard new users, new assets, new capital, and new use cases. Plume is for everyone, from retail users trading tokenized sneakers to the largest financial institutions tokenizing billion dollar funds. We are blending the offchain and onchain worlds together to seamlessly integrate the real world with DeFi.
This is just the beginning. Our mainnet launch is on the horizon, and we can’t wait to share what’s next. Together, we’re bringing the real world onchain.
Goons up.
- Chris Yin, CEO & Co-Founder
About Plume
Plume is the first fully 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, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs.