Plume, a modular layer-1 blockchain for real-world asset finance, has raised $20 million in a Series A funding round, backed by prominent blockchain and crypto-focused venture capital firms.

The Plume Network team announced that the round was led by Brevan Howard Digital, Haun Ventures, and Galaxy Ventures. The funding will be used to expand Plume’s RWA finance ecosystem and accelerate the development of its layer-1 blockchain.

Plume aims to create a blockchain specifically tailored for crypto-native users and institutions, focusing on bringing traditional financial assets on-chain. The raised capital will be directed toward supporting decentralized finance applications and tokenized products that leverage Plume’s unique approach.

Plume’s infrastructure facilitates alternative investment classes such as carbon credits, graphics processing units, and specialty finance. Chris Yin, co-founder and CEO of Plume, highlighted the project’s mission:

“RWAs have always had tremendous on-chain demand, but historically the infrastructure to bring these assets on-chain just hasn’t existed,” said Chris Yin, co-founder and CEO of Plume. “With Plume, asset issuers of all kinds can become crypto native builders.”

Earlier this month, Plume Network announced its collaboration with private asset tokenization platform Chateau Capital. The collaboration aims to tokenize illiquid assets such as pre-IPO shares, hedge fund strategies, and private equity investments, potentially unlocking over $500 million in opportunities within private markets.

Additionally, Plume has teamed up with DigiFT, a regulated RWA exchange based in Singapore, to onboard institutional-grade assets. This partnership includes offering access to uMINT, a tokenized money market fund by UBS Asset Management.

Plume’s $20 million Series A also attracted investment from Lightspeed Faction, Hashkey, and Nomura Group’s Laser Digital. This funding follows a successful pre-deposit campaign earlier this year, which raised $30 million in just 90 minutes. The platform had previously secured $10 million in a seed round in May 2024.