Tokenization startup Plume raises $20 million in funding, led by Haun Ventures and others
ChainCatcher news, according to Fortune, tokenization startup Plume has completed a $20 million financing round led by Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures. With this, Plume's total financing has reached $30 million. The company is building the first financial ecosystem for real-world assets (RWAfi), supporting the tokenization of diverse assets ranging from Pokémon cards to oil reserves.
Plume CEO Chris Yin stated that there are currently 180 projects being developed on its network, including the decentralized private credit platform Credbull. The blockchain is set to open to users in early 2025, offering features such as asset yield acquisition, verification of physical collectibles trading, and real-time data-based asset price predictions. The financing will be used to expand coverage from crypto-native users to traditional financial institutions and optimize customized features for developers.
According to Web3 asset data platform RootData, [Plume](https://www.rootdata.com/zh/Projects/detail/Plume Network?k=MTA0ODA= "RWA platform") is a fully integrated modular chain focused on RWAfi. They have built the first modular, composable EVM-compatible chain centered on RWA, aiming to simplify the onboarding of all types of assets and capital through native infrastructure and unified RWAfi-specific features across the entire chain. Plume is building a composable DeFi ecosystem around RWAfis, featuring an integrated end-to-end tokenization engine and a network of financial infrastructure partners for builders to plug and play.
