RWA: modular L2 Plume Network raises $10 million

Plume Networka modular layer 2 network and dedicated to real-world assets (RWA)closed a financing round from 10 million dollars directed by Haun Ventures.

Plume Network bills itself as the “first L2 modular blockchain dedicated to real-world assets (RWAs)”. The startup behind the network aims to simplify deployment processes for RWA projects and offer an RWA ecosystem for investors. Layer 2 Ethereum enables RWA composability through its DeFi applications.

On Thursday, Plume Network announced that it had raised $10 million in a funding round led by crypto VC Haun Ventures, with participation from Galaxy Digital, Superscrypt and Selini Capital.

Plume is the first RWA channel for crypto-natives, with over 80 projects based on it. We have everything from collectibles to real estate, private credit, commodities, equities and more. We see RWAs as the convergence of RWAs and crypto use cases: yield farm, trading, lending/borrowing, RWA-leveraged speculation, and more,” the company wrote on X.

RWAs, or real-world assets, are akin to tokens backed by assets existing outside the digital spectrum.

Currently in private testnet, Plume Network should soon move to a public testnet with economic incentives.

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