Plume Network, a San Francisco, CA-based supplier of a modular EVM Layer-2 constructed to deliver any real-world asset (RWA) on-chain, raised $10M in Seed funding.
The spherical was led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and others. Angels included founders and executives akin to Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng and Jayendra Jog of Sei Community, Adam Lawrence of rwa.xyz, Austin King and Tyler Tarsi of Omni, and extra.
The corporate intends to make use of the funds to increase operations and its growth efforts.
Led by CEO Chris Yin and Teddy Pornprinya, Plume gives a modular EVM L2 blockchain devoted for all real-world property (RWAs) that integrates asset tokenization and compliance suppliers straight into the chain. It goals to simplify the convoluted processes of RWA mission deployment and supply buyers a blockchain ecosystem to cross-pollinate and spend money on varied RWAs. As well as, the corporate allows RWA composability via its DeFi functions and gives entry to high-quality patrons to extend liquidity for all tokenized RWAs.
Plume has already seen greater than 80 RWA tasks spanning collectibles, various property, synthetics, luxurious items, actual property, DeFi and extra all constructing on the community in testnet alone.
FinSMEs
24/05/2024
