YZi Labs announced their investment in Plume Network’s $10 million seed round on October 10, 2023, marking a significant step in real-world asset tokenization.
This investment, led by Haun Ventures, highlights the growing interest in tokenizing real-world assets and bridging traditional finance with decentralized finance systems.
YZi Labs Contributes to Plume’s $10M Funding Round
YZi Labs has participated in a $10 million investment in Plume Network. Plume is known for its crypto-first approach to real-world assets.
Chris Yin and Teddy Pornprinya, co-founders of Plume, lead the company’s efforts in transforming asset tokenization. Their focus on crypto use cases involving RWAs sets Plume apart from traditional frameworks. Yin mentioned, “We’re excited to have Haun Ventures lead our round as our approach to RWAs signifies a pivotal shift. While many are attempting to solve tokenization through permissioned environments, Plume stands out by prioritizing a crypto-first approach. We operate as a permissionless chain, offering seamless compliance tooling as a notable feature.”
RWA Market Reaches $9.9 Billion TVL Amid Investment
The latest RWA sector data shows a total value locked (TVL) of $9.9 billion, demonstrating strong market interest. Such investments in Plume reinforce confidence in RWA projects.
Experts suggest the move towards permissionless systems may encourage broader adoption. The industry is poised for technological shifts that improve how digital and real-world assets integrate.
237.2% Growth in RWA Market Over Past Year
The RWA market has seen a 237.2% increase in the past year, indicating strong interest. This mirrors previous trends in decentralized finance growth.
According to analysts, this surge in interest parallels trends seen during critical prior shifts in blockchain development. Investments in RWAs might yield significant market restructuring.
