$10 million in seed investment was obtained by Plume Network, a San Francisco, California-based company that offers a modular EVM Layer-2 designed to enable any real-world asset (RWA) to be placed on the chain.
Investors
- Haun Ventures
- Superscrypt
- A Capital
- SV Angel
- Portal Ventures
- Reciprocal Ventures
- Galaxy Ventures
- Founders and executives from several companies, including Wormhole Labs’ Anthony Ramirez, Eigenlayer’s Calvin Liu, Initia’s Zon, Mechanism’s Andrew Kang, Sei Network’s Jeff Feng and Jayendra Jog, Omni’s Austin King and Tyler Tarsi, and more, were among the angel investors.
Use of funds
The business plans to utilize the money to increase both its development and operational activities.
In the testnet alone, Plume has already seen over 80 RWA initiatives expanding the network in the domains of collectibles, alternative assets, luxury goods, real estate, DeFi, and more.
About Plume
Plume offers a modular EVM L2 blockchain that is specifically designed for real-world assets (RWAs) and incorporates asset tokenization and compliance providers into the chain. The company is led by Teddy Pornprinya and Chris Yin, the CEO. It seeks to provide investors with a blockchain environment so they may participate in and collaborate on different RWAs while streamlining the complex procedures involved in deploying RWA projects. Furthermore, the business makes RWA composability possible with its DeFi apps and gives all tokenized RWAs access to qualified purchasers, hence increasing liquidity.