21 new members, including Plume Network, a16z, and Galaxy Digital, join the Tokenized Asset Coalition

ChainCatcher news, the modular real-world asset finance (RWAfi) blockchain project Plume Network announced on September 18 that it has successfully joined the Tokenized Asset Coalition (TAC). TAC selected 21 new members from over 175 applicants, including Plume Network, a16z, Arbitrum, Aptos, Galaxy Digital, Wisdom Tree, Axelar, and Hashnote, aiming to drive over $1 trillion in assets on-chain and promote the adoption of public blockchains, asset tokenization, and institutional DeFi.

Plume Network stated that it will focus on driving over $3 billion in assets on-chain and continue to collaborate with industry leaders to enhance real-world asset tokenization, simplify regulatory processes, and promote decentralized finance innovation. The project has processed over $280 million in on-chain transactions during its testnet phase, attracting participation from over 18 million wallets.

ChainCatcher previously reported that, according to The Block, the Layer 2 network Plume Network, focused on bringing real-world assets (RWA) on-chain, raised $10 million in a seed round led by Haun Ventures. Other participating investors include Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures.