Bittime - Plume is the first EVM Layer-2 based modular platform designed to bring Real World Assets (RWA) onto the blockchain, has announced a successful seed round of $10 million.
The funding was led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures and others.
Notable angel investors include founders and executives from various leading projects such as Eric Chen and Mirza Uddin of Injective, Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng and Jayendra Jog of Sei Network, and Martin Quensel of Centrifuge.
What is a Plume?
Plume is the latest innovation in blockchain technology that is here to answer the challenges of real world asset integration (RWA). Currently, real-world asset channels are one of the fastest growing sectors in the crypto industry.
However, there is no blockchain that operates permissionlessly and is equipped with a complete RWA infrastructure to implement various asset classes with appropriate compliance. Plume is here to fill this void.
By providing the infrastructure needed by traditional financial participants and offering innovative products that appeal to the crypto community, Plume simplifies the deployment process and provides a dynamic ecosystem for diversified investments.
Plume's robust DeFi ecosystem allows users to do a variety of things with RWA, from yield generation, lending, trading, to leveraged speculation.
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How Does Plume Work?
Plume operates as a permissionless chain and provides seamless compliance tools. Plume CEO and co-founder Chris Yin stated: “We are thrilled that Haun Ventures is leading this funding round as our approach to RWA marks a key shift.
While many try to solve the tokenization problem through a permissioned environment, Plume stands apart with its crypto-first approach. We operate as a permissionless chain and provide seamless compliance tools, which is a significant feature.
Our L2-based modular EVM and end-to-end tokenization engine make it easy for everyone, from institutions to retail, to join and interact with assets and capital."
Rapid Development with 80 RWA and DeFi Projects
Plume combines the power of blockchain technology with the systems required in traditional finance. In the testnet phase alone, Plume has achieved rapid growth with over 80 RWA and DeFi projects spanning collectibles, alternative assets, synthetic assets, luxury goods, real estate, lending/borrowing protocols, and perpetual DEXs.
Partner at Haun Ventures, Chris Ahn added, "The Plume team's vision for asset tokenization goes beyond just bond tokenization. The Plume Network provides customized tools and an ecosystem designed for various types of RWAs. Plume will change the way real-world assets interact and extract value from them! "
The Plume team is comprised of top talent from Web3 and traditional finance, including leaders from Coinbase, Binance, Robinhood Crypto, dYdX, JP Morgan, and LayerZero.
Plume co-founder who previously worked at Coinbase Ventures and Binance, Teddy Pornprinya said:
"In today's market, traditional tokenization of real-world assets is no longer attractive - people are now looking for crypto use cases that involve RWA. Plume makes it easy to trade, generate returns, and speculate with real-world assets, so people can experience the benefits of the crypto space and RWA."
Long Term Prospects and Future Predictions
Plume has a clear vision for the future of real-world asset integration in the blockchain ecosystem. With its modular approach and flexibility, Plume enables a wide variety of real-world assets to be tokenized and traded in a secure and efficient manner.
The use of permissionless blockchain enables greater transparency and accessibility, opening up new opportunities for investors and users around the world.
Through this approach, Plume has not only attracted interest from the crypto community but also from traditional financial participants who see great potential in asset tokenization technology.
With the backing of renowned investors and an experienced team, Plume is poised to become a leader in the sector and change the way we interact with real-world assets. To learn more about Plume, visit the website and stay tuned for upcoming testnet details and incentives.
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Conclusion
Plume is the first modular EVM L2 blockchain dedicated to all real-world assets (RWA), integrating asset tokenization and compliance providers directly into the chain.
Plume's mission is to simplify the complex process of implementing RWA projects and provide investors with a blockchain ecosystem to interact and invest in various RWAs.
Additionally, Plume enables RWA composability through rapidly growing DeFi applications and provides access to high-quality users to increase liquidity for all tokenized RWAs. To learn more about Plume, visit https://www.plumenetwork.xyz/ .
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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