- Plume Network launched its mainnet with $150M in tokenized real-world assets on-chain.
- The modular Layer 2 supports DeFi access to assets like credit, debt and solar farms.
- Over 200 projects, including Curve and Morpho, are already building on Plume’s RWAfi network.
Plume Network, a blockchain platform dedicated to tokenizing real-world assets (RWAs), officially launched its Genesis mainnet on June 5. The company announced that its network has gone live with $150 million in RWAs already deployed on-chain.
Supported by investors such as Apollo Global and Haun Ventures, Plume seeks to broaden the digital asset tokenization market by allowing a diverse range of traditional assets to engage with decentralized finance (DeFi) protocols.
Plume Network Introduces DeFi Composability for Tokenized Assets
The newly launched Layer 2 blockchain, which is Ethereum Virtual Machine (EVM) compatible, allows real-world assets to operate within DeFi ecosystems. Plume network stated that its modular network enables users to stake stablecoins into institutional-grade vaults, receiving yield-bearing tokens in return. These tokens can be reused across DeFi protocols for lending, borrowing, and yield generation.
According to co-founder and CEO Chris Yin, the protocol redefines tokenized real-world assets as composable and yield-generating components that mirror native crypto behavior. “By introducing new DeFi use cases to institutional-grade assets, we’re making RWAs as easy to use as any other crypto asset,” Yin said.
Plume network’s flagship product, Nest vaults, supports permissionless staking of stablecoins. The platform offers audited and liquid positions in assets such as consumer credit, corporate debt, solar farms, and Medicaid claims. Users can utilise these RWA tokens to borrow additional capital and enhance yield potential within the same ecosystem.
Strategic Investments and Ecosystem Support
Major investors have supported the company’s development. With Haun Ventures leading the seed funding the startup raised $10 million and received a Series A funding of $20 million with contributions from Galaxy and Brevan Howard. Additionally, in April, Apollo Global made a strategic investment in the project, followed by support from YZi Labs.
At launch, Plume network reported integrations with major DeFi platforms, including Morpho, Curve, Matrixdock, and Orderly. The firm said that the ecosystem currently hosts over 200 projects focused on real-world asset finance (RWAfi). Partnerships also include Mercado Bitcoin, which helped tokenize $40 million in Brazilian assets earlier this year.
The company claims that its blockchain testnet processed 280 million transactions within eight weeks. This reflects a growing demand for infrastructure that can tokenize and deploy real-world assets on-chain at scale. By diversifying its asset portfolio, the network is helping to grow a market that is now valued at more than $23 billion, according to RWA.xyz.
Regulatory Engagement and Market Expansion Plans
The company’s executives highlighted that clarity in tokenized finance regulations was the main reason for the decision to launch the mainnet. According to co-founder Teddy Pornprinya, the recent regulatory developments allow institutions to have safe and legal opportunities to interact with RWAs.
Plume also noted that it is actively working with regulators in the U.S., Europe, and the UAE to align its technology with global compliance standards. The network plans to expand supported asset classes beyond debt and credit, targeting categories such as fine art, trading cards, and uranium.
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