Plume Community, a RWA Layer-2, Raises $10M in Seed Funding from Haun Ventures, Galaxy Ventures, and Others

San Francisco, CA, USA, Could twenty third, 2024, Chainwire

Plume has already seen greater than 80 RWA initiatives spanning collectibles, different belongings, synthetics, luxurious items, actual property, DeFi and extra all constructing on the community in testnet alone.

Plume, the primary modular EVM Layer-2 constructed to deliver any real-world asset (RWA) on-chain, declares its $10M seed spherical led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and others. Notable angels embrace founders and executives of main initiatives comparable to Anthony Ramirez of Wormhole Labs, Calvin Liu of EigenLayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng & Jayendra Jog of Sei Community, Adam Lawrence of rwa.xyz, Austin King & Tyler Tarsi of Omni, Martin Quensel from Centrifuge, and extra.

The RWA business is without doubt one of the quickest rising verticals in crypto at this time however there stays a important hole — to this point there has not been a permissionless blockchain geared up with full-stack RWA infrastructure to deploy any asset class compliantly. Plume was based to resolve this problem of real-world asset integration by offering the required infrastructure for conventional monetary contributors to interact, whereas additionally providing modern merchandise that attraction to the crypto-native neighborhood. By integrating asset tokenization and compliance into its chain together with RWA particular chain stage modifications, Plume simplifies the deployment course of and provides a dynamic ecosystem for cross-investment and diversification. The strong DeFi ecosystem on Plume allows customers to do all the pieces with RWAs – from incomes yield, borrowing/lending, buying and selling, and speculating with leverage.

In testnet alone, Plume has already seen fast progress with greater than 80 RWA and DeFi initiatives constructing on its personal testnet with all the pieces from collectibles, different belongings, synthetics, luxurious items, actual property, borrow/lend protocols, perpetual DEXs, and extra.

Chris Yin, CEO and Co-founder of Plume, shared, “We’re excited to have Haun Ventures lead our spherical as our method to RWAs signifies a pivotal shift. Whereas many try to resolve tokenization by way of permissioned environments, Plume stands out by prioritizing a crypto-first method. We function as a permissionless chain, providing seamless compliance tooling as a notable function. Our modular EVM primarily based L2 and end-to-end tokenization engine makes each onboarding and interacting with belongings and capital simple for everybody from the largest establishments to retail.”

Chris Ahn, Companion at Haun Ventures, expressed, “The Plume workforce’s imaginative and prescient for tokenizing belongings extends past tokenizing treasury payments. Plume Community supplies customized tooling and an ecosystem particularly designed for RWAs of any kind. Plume will reshape the best way the world interacts with and derives worth from real-world belongings.”

Plume’s workforce options top-tier expertise from Web3 and conventional finance who joined from main companies together with Coinbase (NASDAQ:), Binance, Robinhood (NASDAQ:) Crypto, dYdX, JP Morgan, and LayerZero.

Teddy Pornprinya, Co-founder of Plume, previously at Coinbase Ventures and Binance, mentioned, “The normal view of tokenized real-world belongings is now not attention-grabbing in at this time’s markets – what individuals search at this time are crypto use circumstances that contain RWAs. Plume makes it simple to commerce, earn yield, and speculate with any real-world asset so individuals can profit from each some great benefits of crypto and publicity to RWAs.”

To be taught extra about customers can go to Plume’s web site and look out for the incentivized testnet particulars coming quickly: https://www.plumenetwork.xyz/

For media inquiries, customers can contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.

About Plume

Plume is the primary modular EVM L2 blockchain devoted for all real-world belongings (RWAs) that integrates asset tokenization and compliance suppliers straight into the chain. Plume’s mission is to simplify the convoluted processes of RWA undertaking deployment and supply traders a blockchain ecosystem to cross-pollinate and put money into varied RWAs. As well as, Plume allows RWA composability by way of its thriving DeFi functions and supplies entry to high-quality consumers to extend liquidity for all tokenized RWAs. To be taught extra about Plume, go to https://www.plumenetwork.xyz/

ContactsCEOChris YinPlume Communitychris@plumenetwork.xyzCMOTiffany LungPlume Communitytiffany@plumenetwork.xyz

This text was initially printed on Chainwire