San Francisco, CA, USA, Could twenty third, 2024, Chainwire
Plume has already seen greater than 80 RWA tasks spanning collectibles, various 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 convey any real-world asset (RWA) on-chain, publicizes 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 embody founders and executives of main tasks reminiscent of 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 likely one of the quickest rising verticals in crypto as we speak however there stays a essential hole — so far there has not been a permissionless blockchain geared up with full-stack RWA infrastructure to deploy any asset class compliantly. Plume was based to unravel this problem of real-world asset integration by offering the mandatory infrastructure for conventional monetary members to interact, whereas additionally providing revolutionary merchandise that attraction to the crypto-native group. By integrating asset tokenization and compliance into its chain together with RWA particular chain degree modifications, Plume simplifies the deployment course of and affords a dynamic ecosystem for cross-investment and diversification. The sturdy DeFi ecosystem on Plume allows customers to do every thing with RWAs – from incomes yield, borrowing/lending, buying and selling, and speculating with leverage.
In testnet alone, Plume has already seen speedy development with greater than 80 RWA and DeFi tasks constructing on its personal testnet with every thing from collectibles, various 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 are trying to unravel 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 characteristic. 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 most important establishments to retail.”
Chris Ahn, Associate at Haun Ventures, expressed, “The Plume crew’s imaginative and prescient for tokenizing belongings extends past tokenizing treasury payments. Plume Community gives customized tooling and an ecosystem particularly designed for RWAs of any sort. Plume will reshape the way in which the world interacts with and derives worth from real-world belongings.”
Plume’s crew 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, stated, “The normal view of tokenized real-world belongings is now not fascinating in as we speak’s markets – what individuals search as we speak are crypto use instances 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 challenge deployment and provide traders a blockchain ecosystem to cross-pollinate and spend money on varied RWAs. As well as, Plume allows RWA composability by way of its thriving DeFi purposes and gives entry to high-quality patrons 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
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