Plume Network Raises $10M in Seed Funding

Plume Network

Plume Network, a San Francisco, CA-based provider of a modular EVM Layer-2 built to bring any real-world asset (RWA) on-chain, raised $10M in Seed funding.

The round 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 such as Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng and Jayendra Jog of Sei Network, Adam Lawrence of, Austin King and Tyler Tarsi of Omni, and more.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Chris Yin and Teddy Pornprinya, Plume provides a modular EVM L2 blockchain dedicated for all real-world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. It aims 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, the company enables RWA composability through itsĀ DeFiĀ applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.

Plume has already seen more than 80 RWA projects spanning collectibles, alternative assets, synthetics, luxury goods, real estate,Ā DeFiĀ and more all building on the network in testnet alone.