TechFlow reported on September 21, according to The Block, that Plume Network, a modular L2 blockchain focused on RWA, announced plans to tokenize approximately $1.25 billion worth of physical assets before the end of the fourth quarter. These assets include solar power plants, private credit, healthcare-backed invoices, and mining rights.
Chris Yin, CEO of Plume Network, said the company's uniqueness lies in its proprietary channels for accessing high-yield privately held assets. Specific tokenization plans include a $500 million private credit fund Credbull, $300 million in Plural Energy solar power stations, certain oil and gas mining rights, and $120 million in healthcare receivables.
Previous report, Plume Network raised $10 million in seed funding in May, led by Haun Ventures, Galaxy Digital, and Superscrypt.
