Plume, a leading Layer-2 Ethereum Virtual Machine (EVM) solution, has recently secured a significant $10 million seed funding round led by Haun Ventures, with participation from other prominent venture capitals like Galaxy Ventures and A Capital. This funding round positions Plume as a key player in the space of bringing real-world assets (RWAs) onto the blockchain.
Plume’s innovative approach lies in its modular, permissionless blockchain architecture, which addresses the critical industry gap of lacking a full-stack RWA infrastructure capable of compliantly deploying diverse asset classes. The platform offers extensive DeFi functionalities, allowing users to earn yield, borrow, lend, and trade using RWAs.
The private testnet of Plume has already seen remarkable growth, hosting over 80 RWA projects spanning various asset classes such as collectibles, alternative assets, synthetics, luxury goods, real estate, and more. This traction highlights the increasing demand for a platform that bridges the gap between traditional finance and decentralized applications.
Chris Yin, CEO and Co-founder of Plume, emphasized the platform’s crypto-first approach, making it easy for both institutions and retail users to interact with assets and capital. Chris Ahn, Partner at Haun Ventures, expressed confidence in Plume’s ability to reshape the way the world interacts with and derives value from real-world assets.
The team behind Plume boasts individuals with expertise from renowned entities in both the Web3 space and traditional financial sectors, ensuring a robust trajectory for the platform. Teddy Pornprinya, Co-founder of Plume and a former executive at Coinbase Ventures and Binance, highlighted the evolving landscape of RWAs in crypto and the importance of platforms like Plume in enabling users to benefit from both the advantages of crypto and exposure to RWAs.
Overall, Plume’s successful seed funding round and innovative approach to bringing RWAs onto the blockchain position it as a key player in the evolving intersection of traditional finance and decentralized applications.
