Tier 1 Integrated Blockchain Company Raises $20M (Series A)

Plume, the first fully integrated modular blockchain focused on Real World Asset Finance (RWAfi), announced the closing of a $20 million Series A funding round from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, and Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others showcase Industry leaders from native cryptocurrencies and traditional finance investors are strongly convinced by Bloom’s vision for an on-chain RWAfi ecosystem.

Since its seed round, Plume has seen tremendous growth, with over 180 protocols created in its ecosystem, representing over $4 billion in assets. The recently completed 8-week testnet includes over 18 million wallets, 3.75 million active accounts, and over 280 million transactions. Additionally, Plume’s recent pre-deposit campaign was oversubscribed, with over $30 million mobilized in less than 90 minutes, building momentum ahead of its mainnet launch.

Since its seed funding round, Plume has seen tremendous growth with over 180 protocols created in its ecosystem, representing over $4 billion in assets. The recently completed 8-week testnet included over 18 million wallets, 3.75 million active accounts, and over 280 million transactions. Additionally, Plume’s recent pre-deposit campaign saw oversubscription, with over $30 million mobilized in less than 90 minutes, building momentum ahead of its mainnet launch.

Bloom – at the helm of RWAfi – is building the infrastructure that makes it easy to interact with the real world across the chain. Plume is the easiest place to bring real-world assets from the real world on-chain using products like Plume Arc (the standard coding engine) and Plume Nexus (the real-world data provider) and interact with those assets on Plume’s EVM blockchain. On Plume, users can easily swap, trade and speculate on real assets with the same ease as they can when interacting with native crypto assets.

Whether it’s earning a real return from holding oil royalties, putting that into the lending market to get around it, or putting those tokens into a perps index, Plume is the only place where users can access the real world without permission via crypto rails.

The funding raised in this round will accelerate Plume’s commitment to creating the first L1 RWA blockchain for crypto citizens and institutions while supporting new applications and products in emerging markets built on top of Plume, furthering its goal of bringing real-world cross-chain to everyone from crypto citizens to the largest financial institutions.

Bloom looks to unleash the untapped potential of physical assets and economic data to create opportunities for real return, sustainable growth, and global accessibility. Users can access Plume at mainnet launch starting early next year.

Key quotes:

“RWAs have always had massive on-chain demand, but historically the infrastructure to bring these assets on-chain hasn’t existed. Just look at the original RWA, the stablecoin — it’s one of the best products in the cryptocurrency space for onboarding new users. But The key to adoption, however, is the ecosystem and user experience – while stables have succeeded in achieving this, the rest of the RWAs have not and now with Plume, asset issuers of all types can become original cryptocurrency creators. Through our technology and ecosystem, we connect them directly to our community, ecosystem and liquidity, all in an open, permissionless and composable way.”

• Chris Yin, Co-Founder and CEO of Plume

“Plume’s approach to RWA leverages the unique capabilities of DeFi native blockchain bars and combines them with their deep understanding of the incentives that drive traditional financial institutions and net new users to join blockchain, especially in emerging markets. It is exciting to see alternative investment categories such as carbon credits and niche financing products.” “And GPUs are brought through the Plume series which are not easily accessible to investors today.”

• Will Noel, General Partner, Galaxy Ventures