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Plume Network: RWA Ecological Innovator Completes $30 Million Financing
Plume Network: Innovator of the RWAfi Ecosystem
Real World Assets (RWA) are gradually becoming the focus of the market as a key link connecting traditional finance and cryptocurrency. However, the current RWA market still faces many challenges, such as inefficiency and high costs. The connection between the traditional financial system and the on-chain ecosystem is still unsatisfactory, and there is an urgent need to break through development bottlenecks.
In response to these challenges, a comprehensive and modular chain focused on RWAfi has emerged. As the first truly public chain serving crypto-native users, the project aims to provide more efficient, transparent, and convenient solutions by creating a dynamic, liquid, and composable RWA market to redefine finance, making its functionality comparable to that of native crypto assets.
Rapid Development and Financial Support
After nearly a year of rapid development, the project has been widely recognized by the community, institutions, emerging banks, and crypto-native protocols as the best solution in the RWAfi space. Currently, over 180 projects have been built on its platform, with a total deployed asset exceeding $1 billion, and hundreds of millions of assets are about to go on-chain. During a two-month testing activity, the project also achieved remarkable results: the number of active wallets surpassed 3.75 million, and the on-chain transaction volume exceeded 270 million, fully demonstrating the vitality of the ecosystem and the enthusiasm of user participation.
In November, the project's pre-storage event had an initial target of $5 million, which was quickly filled in 70 seconds. In response to the enormous demand from the community, the cap was raised to $30 million, and ultimately exceeded the target within 90 minutes, with oversubscription reaching 6 times the original plan.
The growth potential of the project has also been recognized by several well-known venture capital firms, having cumulatively completed $30 million in financing. In May of this year, it announced the completion of $10 million in seed round financing. On December 18, it announced the completion of $20 million in Series A financing, with participation from several renowned investment institutions.
Blockchain ecosystem designed specifically for RWA
Although there are already many Layer 1 projects, considering the special needs for permission management, compliance, and liquidity in the process of bringing RWA on-chain, this project realizes the necessity of creating a blockchain specifically designed for RWA, and aims to achieve its goals by embedding more customized functions at the network level.
Unlike traditional RWA models, this project leverages DeFi principles to create a more efficient and accessible ecosystem for crypto users and traditional financial institutions. The core idea is to make tokenized RWA composable and flexible like native crypto assets, with a focus on composability, liquidity, permissionlessness, and interoperability.
The modular infrastructure of the project is designed to support the tokenization and management of real-world assets, with core components including a tokenization engine, smart wallets, and an on-chain data highway. The collaborative operation of these components provides a smooth and secure environment for managing various asset classes, ensuring compliance, and facilitating data integration.
Focus on real returns, serving native crypto users
As a special area where blockchain technology intersects with traditional assets, the immense potential of RWA comes from the traditional financial industry. However, mainstream users on the blockchain tend to be more crypto-native rather than traditional financial users. The project believes that to truly drive the growth of RWA, it is essential to first focus on the needs of on-chain users.
This project is not only committed to putting RWA on-chain but also follows the existing behavior patterns of users, creating products that are easy for them to understand and accept. This is because on-chain users are the most vibrant and innovative when exploring RWAfi application scenarios, with a strong demand for real returns, liquidity, and composability.
As an open, permissionless chain, this project offers easy-to-use, compliant, and efficient asset tokenization tools. Among the hundreds of protocols that have been attracted so far, the assets cover a variety of categories including collectibles, alternative assets, and financial instruments.
For the vast majority of crypto users, the category of the asset itself is not important; its use and potential returns are what matter. Therefore, this project focuses on the three most important use cases for crypto users: yield farming, trading, and speculation.
The project focuses on generating real returns through yield-generating assets and introducing real users to the existing market, thereby expanding the use cases of the crypto ecosystem and RWA. For example, by collaborating with RWA projects in the renewable solar energy sector, it offers users the opportunity to earn returns from solar assets valued at $100 million.
Looking to the future, the project will further enhance the scalability and security of its infrastructure technically, and further integrate to improve data privacy. In terms of ecological development and RWA expansion, more asset classes will be added, including tokenized luxury goods, stocks, and new forms of commodities. In addition, by expanding cooperation with financial institutions, it will make it easier for institutional investors to access tokenized RWA. This strategic positioning not only facilitates the connection between the crypto world and traditional finance but also positions the project as an important bridge for promoting RWAfi development.