RWA-focused network plume raises 20 million dollars from investors brevan howard ahead of its mainnet launch.

Plume, a blockchain network focused on real-world assets (RWAs), has successfully raised $20 million in fresh funds through its Series A fundraising round. This significant investment comes after the platform’s seed funding of $10 million in May led by Haun Ventures.

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Investors Backing Plume’s Vision

The latest funding round saw participation from a diverse group of investors, including:

Brevan Howard Digital
Haun Ventures (previous lead investor)
Galaxy Ventures
Lightspeed Faction
Superscrypt
Hashkey
Nomura’s crypto arm, Laser Digital
A Capital
280 Capital
SV Angel
Reciprocal Ventures

Accelerating Mainnet Launch and EVM-Compatiblity

With the additional investment, Plume aims to expedite the development of its own layer 1 blockchain. The mainnet launch is scheduled for early next year, marking a significant milestone in the platform’s journey.

Plume’s primary objective is to simplify the process of tokenizing traditional financial instruments and RWAs on blockchain rails using its tokenization engine. Additionally, the platform is developing an Ethereum Virtual Machine (EVM)-compatible blockchain where users can seamlessly trade assets.

The Rise of Tokenized Real-World Assets

RWAs are a rapidly growing class of digital assets, with analysts predicting their market value to reach several trillions of dollars over this decade. As more crypto firms and financial institutions explore tokenizing assets such as bonds, commodities, and real estate on blockchains, Plume’s vision for an open, permissionless, and composable ecosystem is gaining traction.

Onboarding Assets and Niche Products

The platform has successfully onboarded over $4 billion worth of assets to its ecosystem, including:

Private credit funds
Renewable energy financing
Mineral rights

Plume’s innovative approach also brings niche products on-chain that are often inaccessible to average investors. As noted by Will Nuelle, general partner of Galaxy Ventures: "RWAs have always had tremendous demand, but historically the infrastructure to bring these assets on-chain just hasn’t existed."

Closing Thoughts

Chris Yin, co-founder and CEO of Plume, emphasizes the platform’s mission to connect RWAs directly with its community, ecosystem, and liquidity in an open and permissionless way. This vision is gaining momentum as investors recognize the vast potential of tokenized real-world assets on blockchain rails.

By accelerating its mainnet launch and EVM-compatibility, Plume aims to establish itself as a leader in the rapidly growing RWAs market. With a strong team, innovative technology, and an impressive investor base, the platform is well-positioned for success in the years to come.