Plume establishes $25M RWAfi ecosystem fund

Plume Network, a modular blockchain platform for the tokenization of real-world assets (RWAs), has announced a $25 million RWAfi Ecosystem Fund, according to a press release on PR Newswire. The fund will primarily invest in projects developing RWAfi Products, enhancing Plume's ecosystem and encouraging institutional adoption. It will also support organizations aiming to create products for various markets, from emerging to developed, and those working to enhance the efficiency of RWA distribution and scaling. Contributors to the fund include multiple investors like Galaxy Digital, Superscrypt, Reciprocal Ventures and HashKey. Plume CEO Chris Yin noted that with partner support, the RWAfi Ecosystem Fund is advancing both Plume and RWA-focused DeFi, unlocking new value and use cases across industries.