Brevan Howard Digital and Nomura’s Laser Digital were part of the $20 million Series A funding round for Plume, the layer 1 permissionless blockchain focused on tokenizing real worlds assets (RWA). Other investors included Lightspeed Faction, Haun Ventures, Galaxy Ventures, Hashkey, 280 Capital, Superscrypt, A Capital, SV Angel and Reciprocal Ventures.
The blockchain is planning to launch in the new year, but already has 180 protocols building on the network, which it claims to represent $4 billion in assets. It has coined the name RWAfi, as a play on the concept of DeFi. Where DeFi offers opportunities to earn yield, borrow, lend, trade and more, based on native crypto assets, Plume aims to provide the same functionalities for tokenized assets in its ‘composable RWAfi’ ecosystem.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
