Plume: The first modular EVM Layer-2 built to solve the challenges of integrating RWA
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Plume: The first modular EVM Layer-2 built to solve the challenges of integrating RWA
Plume's robust DeFi ecosystem enables users to do anything with RWA.
Navigating Web3 tides with focused insightsSan Francisco, California; May 22, 2024 | Plume, the first modular EVM Layer-2 purpose-built to bring any real-world asset (RWA) onchain, today announced a $10 million seed round led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and others. Notable angel investors include founders and executives from leading projects such as Injective’s Eric Chen and Mirza Uddin, Wormhole Labs’ Anthony Ramirez, Eigenlayer’s Calvin Liu, Initia’s Zon, Mechanism’s Andrew Kang, Sei Network’s Jeff Feng and Jayendra Jog, Centrifuge’s Martin Quensel, among others.
The RWA sector is one of the fastest-growing verticals in crypto today, yet a critical gap remains—there has been no permissionless blockchain equipped with full-stack RWA infrastructure capable of compliantly deploying any asset class. Plume was founded to solve the challenges of integrating real-world assets by providing traditional financial participants with the necessary infrastructure while delivering innovative products that appeal to crypto-native communities. By embedding asset tokenization and compliance directly into its chain along with RWA-specific onchain tooling, Plume streamlines deployment and creates a vibrant ecosystem for diversified investment. Plume’s robust DeFi ecosystem enables users to do anything with RWAs—from earning yield, lending and borrowing, trading, to leveraged speculation.
Even in testnet, Plume has already seen rapid growth, with over 80 RWA and DeFi projects built on it, spanning collectibles, alternative assets, synthetics, luxury goods, real estate, lending/borrowing protocols, and perpetual DEXs.
Chris Yin, CEO and Co-founder of Plume, said: “We’re thrilled to have Haun Ventures lead this round, signaling a pivotal shift in how we approach RWAs. While many have tried solving tokenization through permissioned environments, Plume stands out by prioritizing a crypto-first approach. We operate as a permissionless chain with seamless compliance tools—a key differentiator. Our modular EVM-based L2 and end-to-end tokenization engine make it easy for everyone, from institutions to retail, to participate and interact with assets and capital.”
Chris Ahn, Partner at Haun Ventures, said: “The Plume team’s vision for asset tokenization goes far beyond digitizing bonds. Plume Network offers tailored tooling and an ecosystem purpose-built for any type of RWA. Plume will redefine how people interact with—and extract value from—real-world assets!”
Plume’s team brings together top talent from both Web3 and traditional finance, with backgrounds at leading companies including Coinbase, Binance, Robinhood Crypto, dYdX, JP Morgan, and LayerZero.
Teddy Pornprinya, Plume Co-founder, formerly of Coinbase Ventures and Binance, said: “In today’s market, simply tokenizing traditional real-world assets isn’t exciting anymore—people now want crypto-native use cases involving RWAs. Plume makes it easy to trade, earn yield, and speculate with any real-world asset, so users can benefit from both the strengths of crypto and the stability of RWAs.”
To learn more about Plume, visit their website and stay tuned for upcoming testnet details and incentive programs.
For media inquiries, please contact Phil LeRoy at (310) 260-7901 or [email protected]
About Plume
Plume is the first modular EVM L2 blockchain dedicated entirely to real-world assets (RWAs), integrating asset tokenization and compliance providers directly into the chain. Plume’s mission is to simplify the complex process of deploying RWA projects and provide investors with a blockchain ecosystem to connect and invest across diverse RWAs. Additionally, Plume unlocks RWA composability through its thriving DeFi applications and provides access to high-quality users, enhancing liquidity for all tokenized RWAs. To learn more about Plume, visit https://www.plumenetwork.xyz/
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