Plume Network Secures $20M Series A Led by Brevan Howard, Aiming for Mainnet Launch Next Year

Dec 18, 2024, 02:42 PM

Plume Network, a blockchain platform focused on tokenizing real-world assets (RWA), has successfully raised $20 million in a Series A funding round led by Brevan Howard Digital, with participation from Haun Ventures, Galaxy Ventures, Lightspeed Faction, and others. This brings the total funding for Plume to $30 million. The platform, which has already onboarded over $4 billion in assets, including private credit funds, renewable energy financing, and mineral rights, plans to use the new funds to accelerate the development of its layer 1 blockchain. Plume's mainnet is scheduled for launch early next year, aiming to bridge traditional financial instruments with blockchain technology through its tokenization engine and an Ethereum Virtual Machine (EVM)-compatible blockchain.