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HomeFunding CA-based Plume Network Secures $10Million in Seed Funding

[Funding News] CA-based Plume Network Secures $10Million in Seed Funding

Plume Network, a provider of a modular EVM Layer-2 built to bring any real-world asset (RWA) on-chain, secures $10million in seed funding.

Plume Network, a provider of a modular EVM Layer-2 built to bring any real-world asset (RWA) on-chain, secures $10million in seed funding.

Haun Ventures led this round, including participation from Galaxy Digital, Superscrypt, Reciprocal, Portal Ventures, and other investors. They are also lucky to have amazing founders and executives joining us to build Plume, including Austin King & Tyler Tarsi of Omni, Jeff Feng & Jayendra Jog of Sei, Martin Quensel of Centrifuge, Eric Chen & Mirza Uddin of Injective, Anthony Ramirez of Wormhole, Calvin Liu of EigenLayer, Zon of Initia, Andrew Kang of Mechanism, and others.

Read also – [Funding News] MA-based OncoveryCare Secures $4.5Million in Seed Funding

The money will be used by the business to grow both its operations and growth initiatives. It 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 invest in and collaborate on different RWAs while streamlining the complex processes involved in deploying RWA projects. Furthermore, the company makes RWA composability possible with its DeFi apps and gives all tokenized RWAs access to quality purchasers, hence increasing liquidity.

In the testnet alone, Plume has already witnessed over 80 RWA initiatives expanding the network in the domains of collectibles, alternative assets, luxury goods, real estate, DeFi, and more.

About Plume

As the first modular EVM L2 blockchain designed specifically for real-world assets (RWAs), Plume incorporates compliance providers and asset tokenization right into the chain. With its blockchain ecosystem, Plume aims to provide investors with a way to engage in and collaborate with different RWAs while streamlining the complex processes involved in deploying RWA projects.

Furthermore, Plume offers access to qualified buyers to boost liquidity for all tokenized RWAs and facilitates RWA composability with its robust DeFi apps.

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