RWAfi platform Plume secures $20m Series A round

Plume, a modular layer 1 blockchain for real-world asset financing, has raised $20 million in a Series A funding round with support from leading blockchain and crypto-focused venture capital firms.

The Plume Network team announced that the round was led by Brevan Howard Digital, Haun Ventures and Galaxy Ventures. The funding will be used to expand Plume’s RWA finance ecosystem and accelerate the development of its layer 1 blockchain.

Plume aims to create a blockchain specifically designed for crypto-native users and institutions, focusing on bringing traditional financial assets on-chain. The capital raised will be directed to supporting decentralized finance applications and tokenized products that power Plume’s unique approach.

Plume’s infrastructure facilitates alternative investment classes such as carbon credits, graphics processing units, and private financing. Chris Yin, Plume’s co-founder and CEO, emphasized the project’s mission:

“RWAs have always had tremendous on-chain demand, but historically the infrastructure to move these assets onto-chain has not been in place,” said Chris Yin, co-founder and CEO of Plume. “With Plume, asset issuers of all types can become crypto-native developers.”

Earlier this month, Plume Network announced its collaboration with private asset tokenization platform Chateau Capital. The collaboration aims to tokenize illiquid assets such as pre-IPO stocks, hedge fund strategies and private equity investments, potentially unlocking over $500 million in opportunities in private markets.

Additionally, Plume has collaborated with DigiFT, a regulated RWA exchange based in Singapore, to add institutional-grade assets. This partnership includes offering access to uMINT, a tokenized money market fund by UBS Asset Management.

Plume’s $20 million Series A also received investments from Lightspeed Faction, Hashkey and Nomura Group’s Laser Digital. This funding follows a successful pre-funding campaign earlier this year that raised $30 million in just 90 minutes. The platform previously raised $10 million in a seed round in May 2024.