PLUME

LayerZero announces its first strategic investment in Plume Network through lzCatalyst

ChainCatcher news, LayerZero announced its first round of strategic investment in Plume Network through the lzCatalyst program. Plume Network is a full-stack L1 RWA chain and an ecosystem built specifically for real-world asset finance (RWAfi). This round of financing (Series A) is led by LayerZero in conjunction with Lightspeed Faction and Animoca Ventures, aiming to accelerate its core mission of bringing real-world assets on-chain; the lzCatalyst program is designed to empower LayerZero ecosystem projects, dedicated to connecting top blockchain developers with leading crypto venture capital firms.Plume is leveraging LayerZero technology to build fully interoperable applications, and its yield protocol SkyLink achieves seamless and secure distribution of RWA yields across multi-chain ecosystems by integrating LayerZero's lzRead. By creating mirrored YieldTokens, SkyLink allows investors to access and manage institutional-grade yields on any blockchain without permission. The Plume ecosystem already includes over 180 development projects. As a full-stack L1 RWA chain, it provides a composable EVM-compatible environment that supports the tokenization and management of diverse real-world assets. The network simplifies the asset onboarding process and enables seamless DeFi integration through an end-to-end tokenization engine and a network of financial infrastructure partners.

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.
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