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Plume Network, a real-world asset (RWA) tokenization platform backed by major investors Haun Ventures and Apollo Global, officially launched its mainnet this week, bringing $150 million worth of tokenized real-world assets onto the blockchain.
Positioning itself among a growing list of prominent RWA players—such as Securitize, Tradable, and Ondo—Plume aims to help broaden the scope of the $23 billion RWA market, according to data from RWA.xyz. The project plans to support a diverse range of tokenized assets, from U.S. Treasuries and private credit to more unconventional instruments like solar energy infrastructure, Medicaid receivables, mineral rights, consumer loans, and corporate debt.
Plume’s mission is to unlock the next phase of DeFi by enabling traditional assets to act like native crypto primitives.
“RWAfi redefines traditional assets as composable, yield-bearing elements that function like any other crypto asset,” said Plume co-founder and CEO Chris Yin. “By bridging DeFi utility with institutional-grade instruments, we’re making real-world assets accessible, programmable, and usable across decentralized finance.”
Built as a modular Layer 2 network compatible with the Ethereum Virtual Machine (EVM), Plume features a system of institutional-grade staking pools called “Nest vaults.” These vaults allow users to permissionlessly stake stablecoins in exchange for tokenized RWA positions that are fully liquid, yield-bearing, and audited.
The resulting tokens can be leveraged across DeFi protocols — as collateral in lending platforms or to borrow additional stablecoins, enabling users to compound yield through a strategy commonly referred to as “looping.”
A spokesperson for Plume Network shared with The Block that the platform processed approximately 280 million transactions on its testnet within just eight weeks—a signal of strong early adoption and technical momentum.
Backed by Financial Giants
Plume’s rise has attracted significant backing from major institutional players. The company secured \$10 million in seed funding led by Haun Ventures, followed by a \$20 million Series A round featuring Brevan Howard and Galaxy Digital. In a strategic move this April, global alternative investment firm Apollo Global committed a “seven-figure” investment to the project. Additional support comes from YZi Labs, the family office spun off from Binance’s venture capital arm.
A Growing Ecosystem of RWA and DeFi Partners
Plume is actively building a robust ecosystem of partners across both real-world asset tokenization and decentralized finance. According to the company, its network includes integrations with a wide range of DeFi and RWA-native applications, including Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic.
In a key regional initiative, Plume teamed up with Latin American exchange Mercado Bitcoin in February to tokenize \$40 million worth of Brazilian real-world assets, further extending its global footprint in the tokenization space.
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