Plume Network Launches EVM-Compatible Layer 2 to Advance RWA Tokenization

Plume Network Launches EVM-Compatible Layer 2 to Advance RWA Tokenization
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TL;DR

  • Plume Network launched its mainnet with $150M in tokenized assets, backed by Apollo Global and Haun Ventures.
  • During its testnet, it processed 280 million transactions in eight weeks, signaling strong demand for RWAs.
  • It closed a deal with Mercado Bitcoin to tokenize $40M in Brazil and plans to scale its onchain offering this year.

Plume Network has officially launched its mainnet with $150M in real-world assets tokenized on its infrastructure, supported by Apollo Global and Haun Ventures.

The company, which develops a modular network compatible with the Ethereum Virtual Machine, aims to turn traditional assets into negotiable, yield-bearing digital instruments, expanding their use cases for both institutional investors and retail users.

Plume network rwas

The project offers a Layer 2 network built to host assets like solar farms, Medicaid claims, mineral rights, consumer credit, and corporate debt. These assets are tokenized onchain and can be used as collateral, to generate yield, or as backing for new positions in stablecoins. The platform enables the integration of physical world assets into DeFi applications while preserving their liquidity and traceability.

During its testnet phase, Plume processed nearly 280 million transactions in just eight weeks, indicating considerable demand from users and investors interested in RWAs. These assets already exceed $23B in total value locked, with private credit, U.S. Treasurys, and commodities accounting for most of the trading volume.

Plume network post

Plume Expands Its DeFi Ecosystem and Prepares to Scale Operations

Plume’s ecosystem includes DeFi applications such as Morpho, Curve, Orderly, Matrixdock, and Solera, which support trading and leverage strategies for tokenized assets. The network also operates Nest vaults, institutional-grade vaults where users can deposit stablecoins and receive yield-bearing RWA tokens in return, which can be reused in other protocols.

The company raised $10M in a seed round and another $20M in a Series A, with investors including Brevan Howard and Galaxy. In April, Apollo Global made a seven-figure strategic investment, underscoring institutional interest in modular tokenization models. Plume also secured backing from YZi Labs, the family office linked to former Binance investors.

RWAs post

In February, Plume closed a deal with Mercado Bitcoin to tokenize $40M in Brazilian assets, marking its first large-scale deployment in Latin America. The company plans to ramp up the volume of onchain assets in the coming months, capitalizing on growing demand for products that combine traditional returns with liquidity and composability

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