Plume has already seen more than 80 RWA projects spanning
collectibles, alternative assets, synthetics, luxury goods, real
estate, DeFi and more all building on the network in
testnet alone.
SAN
FRANCISCO, May 23, 2024 /PRNewswire-PRWeb/ -- Plume,
the first modular EVM Layer-2 built to bring any real-world asset
(RWA) on-chain, announces its $10M
seed round led by Haun Ventures with participation from Galaxy
Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures,
Reciprocal Ventures, and others. Notable angels include founders
and executives of leading projects such as Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Zon of Initia,
Andrew Kang of Mechanism,
Jeff Feng & Jayendra Jog of Sei
Network, Adam Lawrence of rwa.xyz,
Austin King & Tyler Tarsi of
Omni, and more.
"We're excited to have Haun Ventures lead
our round as our approach to RWAs signifies a pivotal shift. While
many are attempting to solve tokenization through permissioned
environments, Plume stands out by prioritizing a
crypto-first approach."
The RWA industry is one of the fastest growing verticals in
crypto today but there remains a critical gap — to
date there has not been a permissionless blockchain equipped with
fullstack RWA infrastructure to deploy any asset class compliantly.
Plume was founded to solve this challenge of real-world asset
integration by providing the necessary infrastructure for
traditional financial participants to engage, while also offering
innovative products that appeal to the crypto-native
community. By integrating asset tokenization and compliance into
its chain along with RWA specific chain level modifications, Plume
simplifies the deployment process and offers a dynamic ecosystem
for cross-investment and diversification. The robust
DeFi ecosystem on Plume enables users to do everything
with RWAs – from earning yield, borrowing/lending, trading, and
speculating with leverage.
In testnet alone, Plume has already seen rapid growth with more
than 80 RWA and DeFi projects building on its private
testnet with everything from collectibles, alternative assets,
synthetics, luxury goods, real estate, borrow/lend protocols,
perpetual DEXs, and more.
Chris Yin, CEO and Co-founder of
Plume, shared, "We're excited to have Haun Ventures lead our round
as our approach to RWAs signifies a pivotal shift. While many are
attempting to solve tokenization through permissioned environments,
Plume stands out by prioritizing a crypto-first
approach. We operate as a permissionless chain, offering seamless
compliance tooling as a notable feature. Our modular EVM based L2
and end-to-end tokenization engine makes both onboarding and
interacting with assets and capital easy for everyone from the
biggest institutions to retail."
Chris Ahn, Partner at Haun
Ventures, expressed, "The Plume team's vision for tokenizing assets
extends beyond tokenizing treasury bills. Plume Network provides
custom tooling and an ecosystem specifically designed for RWAs of
any type. Plume will reshape the way the world interacts with and
derives value from real-world assets."
Plume's team features top-tier talent from Web3 and traditional
finance who joined from leading firms including
Coinbase, Binance, Robinhood
Crypto, dYdX, JP Morgan, and LayerZero.
Teddy Pornprinya, Co-founder of Plume, formerly at
Coinbase Ventures and Binance, said, "The
traditional view of tokenized real-world assets is no longer
interesting in today's markets – what people seek today are
crypto use cases that involve RWAs. Plume makes it
easy to trade, earn yield, and speculate with any real-world asset
so people can benefit from both the advantages of
crypto and exposure to RWAs."
To learn more about Plume, visit their website and look out for
the incentivized testnet details coming soon:
https://www.plumenetwork.xyz/
For media inquiries, please contact Phil
LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.
About Plume
Plume is the first modular EVM L2 blockchain dedicated for all
real-world assets (RWAs) that integrates asset tokenization and
compliance providers directly into the chain. Plume's mission is to
simplify the convoluted processes of RWA project deployment and
offer investors a blockchain ecosystem to cross-pollinate and
invest in various RWAs. In addition, Plume enables RWA
composability through its thriving DeFi applications
and provides access to high-quality buyers to increase liquidity
for all tokenized RWAs. To learn more about Plume, visit
https://www.plumenetwork.xyz/
Media Contact
Phil LeRoy, Plume, (310)
260-7901,
phil@melrosepr.com, https://www.plumenetwork.xyz/
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SOURCE Plume