CandleFocus RWA-Focused Network Plume Raises $20M from Brevan Howard and Others Ahead of Mainnet Launch
2024-12-18
Author: Content Editor
Blockchain network Plume has raised $20 million in a Series A funding round to accelerate the development of its own layer 1 blockchain. The platform aims to simplify the process of tokenizing real-world assets (RWAs) and trading them on a blockchain. RWAs are expected to grow into a trillion-dollar market as more crypto firms and financial institutions bring assets like bonds and real estate onto the blockchain. Plume has already onboarded over $4 billion worth of assets, including private credit funds and renewable energy financing. The mainnet launch of Plume's blockchain is scheduled for early next year.
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