Plume receives strategic investment from Apollo Fund to accelerate modular RWA chain development
Plume has attracted over 18 million wallet addresses during the testnet phase, with more than 200 protocols integrated.Plume, a fully integrated modular blockchain platform built for real-world assets (RWA), today announced a strategic investment from a fund managed by global alternative asset management firm Apollo. Plume is constructing an Ethereum Virtual Machine (EVM) compatible on-chain environment and full-stack infrastructure aimed at transforming traditional financial instruments, carbon credits, GPU computing power, collectibles, and other alternative assets into composable digital assets, connecting them to its RWAfi ecosystem to enable new on-chain functionalities.
This round of financing will help Plume accelerate the development of its modular blockchain infrastructure, providing RWA on-chain solutions for crypto-native users, traditional financial institutions, and asset issuers. As the attention on RWA continues to rise in both traditional and crypto markets, this investment will further propel Plume towards its mission of enabling users to seamlessly and flexibly access and utilize RWA just like native crypto assets.
In Plume's RWAfi ecosystem, users can easily exchange, lend, earn yields, and speculate on RWA. Additionally, the funding will support the ongoing expansion of the Plume ecosystem. Currently, the project has made positive progress in the testnet phase, with over 18 million wallet addresses participating and more than 200 protocols integrated.
Christine Moy, Partner and Head of Digital Assets at Apollo, stated, "Our investment in Plume reflects Apollo's focus on technologies that can expand the accessibility of institutional-grade products and enhance user experience. As private assets and funds accelerate their on-chain transition, the infrastructure built by Plume has the potential to enhance the utility of digital assets, promote investor participation, and drive next-generation financial solutions, contributing to a more efficient and programmable financial system."
Traditional RWA pathways typically focus on bringing institutional products on-chain, while Plume's architecture further enhances the usability of these assets in a crypto-native DeFi environment. Plume has created an on-chain environment that allows users to exchange, lend, collateralize, or develop new applications based on these previously static assets.
Teddy Pornprinya, Co-founder and Chief Business Officer of Plume, said, "We are excited to have Apollo's support in advancing the vision of RWA on-chain. We have always believed that RWA is not just about tokenization; the real challenge lies in how to realize its practical use on-chain. Through Plume, we are building an environment that enables asset issuers to seamlessly connect liquidity, communities, and distribution channels, unlocking value that was previously difficult to achieve."
About Plume
Plume is building a full-stack blockchain and ecosystem for RWAfi, promoting the adoption and on-demand integration of real-world assets. Currently, over 200 projects are being developed on the Plume network, which offers an EVM-compatible, composable on-chain environment for introducing and managing a diverse range of real-world assets. Through an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies the asset on-chain process, achieving seamless integration with DeFi, allowing anyone to tokenize real assets, distribute them globally, and serve crypto-native users.
