Plume Pulls $10 mn In Seed Funding From Haun, Galaxy

Startup Plume has raised $10 million in seed funding for its Ethereum-based blockchain, which aims to be the first layer-2 blockchain designed for RWAs. The Ethereum-based blockchain is based on Arbitrum Nitro, a framework for building layer-2 “rollup” chains that write transactions to Ethereum quickly and with low fees. 

The company offers a comprehensive set of features to tokenize an asset, including setting up entities, filing, taking custody of assets, doing wallets, automatic set-up, cap table management, on/off-ramping, and knowing your customer. Plume has over 80 projects deploying real-world assets onto its private test network, including collectibles, private credit, and real estate.

(With inputs from Shikha Singh)

You need to login in order to Like