San Francisco, CA, USA, 23 Could 2024, Chainwire
Plume has already seen over 80 RWA tasks spanning collectibles, various property, synthetics, luxurious items, actual property, DeFi and extra constructing on the testnet-only community.
Plume, the primary Layer-2 modular EVM constructed to carry any real-world asset (RWA) on-chain, broadcasts its $10 million seed spherical led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures , Reciprocal Enterprises and extra. Notable angels embody founders and managers of main tasks resembling 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 of Centrifuge and others.
The RWA business is among the quickest rising verticals in cryptocurrency right this moment, however a crucial hole nonetheless stays – there has not but been a permissionless blockchain outfitted with a whole RWA infrastructure to deploy any asset class in compliance. Plume was based to unravel this real-world asset integration problem by offering the required infrastructure to have interaction conventional monetary individuals whereas providing modern merchandise that attraction to the crypto-native neighborhood. By integrating asset tokenization and compliance into its chain, together with chain-specific RWA changes, Plume simplifies the deployment course of and affords a dynamic ecosystem for cross-investment and diversification. Plume's strong DeFi ecosystem permits customers to do every little thing with RWA – from incomes income, lending/lending, buying and selling and leveraged hypothesis.
Within the Plume testnet alone, Plume has already seen fast development with over 80 RWA and DeFi tasks constructing on its personal testnet with every little thing from collectibles, various property, synthetics, luxurious items, actual property, lending/lending protocols, everlasting DEXs and extra.
Chris Yin, CEO and co-founder of Plume, mentioned: “We’re excited to have Haun Ventures lead our spherical as our strategy to RWA marks a key shift. Whereas many are attempting to unravel tokenization by way of permissioned environments, Plume excels in a first-of-its-kind strategy cryptocurrencies We function as a permissionless chain and provide seamless compliance instruments as a notable function Our modular L2 module and end-to-end tokenization engine make it simple to combine and work together with the most important retail establishments.”
Chris Ahn, associate at Haun Ventures, mentioned: “The Plume group's imaginative and prescient for asset tokenization goes past the tokenization of treasury payments. Plume Community offers customized instruments and an ecosystem particularly designed for RWAs of any sort. Plume will change the best way the world interacts with and derives worth from actual property.”
Plume's group contains high expertise from Web3 and conventional finance who’ve come from main corporations together with Coinbase (NASDAQ: ), Binance, Robinhood (NASDAQ: ) Crypto, dYdX, JP Morgan and LayerZero.
Teddy Pornprinya, co-founder of Plume, beforehand at Coinbase Ventures and Binance, mentioned: “The normal view of tokenized property in the actual world is now not attention-grabbing in right this moment's markets – persons are in search of crypto use instances that contain RWA. Plume makes it simple to commerce, earn and speculate on any real-world asset, so individuals can reap the advantages of cryptocurrencies and RWA publicity.”
To study extra in regards to the customers, you may go to the Plume web site and examine the small print of the motivated take a look at community coming quickly: https://www.plumenetwork.xyz/
For media inquiries, customers might contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.
About Plume
Plume is the primary modular EVM L2 blockchain designed for all real-world property (RWAs) that integrates asset tokenization and compliance suppliers immediately on-chain. Plume's mission is to simplify advanced RWA challenge implementation processes and provide traders a blockchain ecosystem to cross-pollinate and spend money on numerous RWAs. As well as, Plume allows compounding of RWAs by way of its thriving DeFi purposes and offers entry to high-quality consumers to extend liquidity for all tokenized RWAs. To study extra about Plume, go to https://www.plumenetwork.xyz/
ContactsChief Government OfficerChris YinPlume Communitychris@plumenetwork.xyzCMOTiffany LungPlume Communitytiffany@plumenetwork.xyz
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