Plume Network, a RWA Layer-2, Raises $10M in Seed Funding from Haun Ventures, Galaxy Ventures, and Others
Summary
Notable angels include founders and executives of leading projects such as Anthony Ramirez of Wormhole Labs, Calvin Liu of EigenLayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng & Jayendra Jog of Sei Network, Adam Lawrence of rwa.xyz, Austin King & Tyler Tarsi of Omni, Martin Quensel from Centrifuge, and more.The RWA industry is one of the fastest growing verticals in crypto today but there remains a critical gap to date there has not been a permissionless blockchain equipped with full-stack RWA infrastructure to deploy any asset class compliantly. Plume was founded to solve this challenge of real-world asset integration by providing the necessary infrastructure for traditional financial participants to engage, while also offering innovative products that appeal to the crypto-native community. Our modular EVM based L2 and end-to-end tokenization engine makes both onboarding and interacting with assets and capital easy for everyone from the biggest institutions to retail.Plumes team features top-tier talent from Web3 and traditional finance who joined from leading firms including Coinbase, Binance, Robinhood Crypto, dYdX, JP Morgan, and LayerZero.Teddy Pornprinya, Co-founder of Plume, formerly at Coinbase Ventures and Binance, said, The traditional view of tokenized real-world assets is no longer interesting in todays markets what people seek today are crypto use cases that involve RWAs. Plumes mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.