December 18, 2024
Plume, a blockchain-based tokenization platform, has announced a $20 million funding round to advance its real-world asset finance ecosystem. The company is building a platform focused on the tokenization of assets such as Treasury bills, collectibles, and predictive market data. Plume's blockchain is designed to attract projects and users by integrating features for asset verification, financial returns, and global connectivity.
The platform offers three main applications for users. It facilitates earning returns on tokenized assets like Treasury bills, supports the trading of authenticated real-world collectibles such as watches and sneakers, and provides a predictive market system by utilizing real-world data feeds. Developers have already begun building on the Plume blockchain, with 180 projects leveraging its infrastructure. Notable among these is Credbull, which launched a fixed-yield credit facility in October, enabling borrowers to access loans at fixed interest rates over extended periods.
The funding will be used to expand Plume's services from crypto-native users to traditional financial firms and asset managers. Efforts will also focus on improving developer tools for greater customization of the blockchain. While developers currently have access to the platform, user access is expected to open in early 2025.
About Plume
Plume is a blockchain platform focused on real-world asset tokenization. It enables users to tokenize, trade, and earn returns on assets such as collectibles and financial instruments. The platform integrates blockchain technology to support financial activities, including lending and predictive markets.
Website: https://www.plumenetwork.xyz/
X: @plumenetwork
About Investors
BHDigitalAssets
BHDigitalAssets is a digital asset investment firm with a focus on blockchain and cryptocurrency projects. The firm provides funding and strategic support to companies within the blockchain and decentralized finance sectors.
Location: Global
Haun Ventures
Haun Ventures is a venture capital firm specializing in blockchain and cryptocurrency investments. The firm supports companies working within the digital asset space and aims to drive the development of blockchain technology through investment and partnerships.
Location: Menlo Park, California Website: https://www.haun.co/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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