Plume Network Mainnet Launches with $150 Million in RWAs

- Plume Network launches its mainnet with $150 million in tokenized real-world assets. - The startup aims to become a leader in the $23 billion tokenization sector. On June 5, 2025, The Block reported that Plume Network, a real-world asset (RWA) tokenization startup, launched its mainnet, bringing $150 million in real-world assets onchain. The startup aims to establish itself as a leading player in the growing $23 billion tokenization industry. Plume Network plans to diversify the types of assets it tokenizes, including solar farms, Medicaid claims, mineral rights, consumer credit, and corporate debt. Operating as an Ethereum Virtual Machine (EVM)-compatible Layer 2 solution, Plume Network has designed its infrastructure to integrate institutional-backed vaults, known as Nest vaults. Through these Nest vaults, users can stake stablecoins, providing them exposure to a portfolio of liquid and audited global assets. In return, they earn yield-bearing, composable RWA tokens, which can then be used as collateral for lending protocols or to borrow other stablecoins. The company’s testnet processed approximately 280 million transactions over an eight-week period, showcasing its capability to manage a high volume of transactions. Plume Network has also secured significant funding: Haun Ventures led its $10 million seed round, while Brevan Howard and Galaxy later participated in its $20 million Series A round. In addition, Apollo Global, an alternative asset manager, invested a seven-figure sum in the startup, and YZi Labs, connected to Binance's venture unit, also provided backing. The ecosystem supporting Plume Network includes various RWAfi-native and established decentralized finance (DeFi) applications such as Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic. Furthermore, in a strategic partnership earlier this year, Plume Network collaborated with the Latin American trading platform Mercado Bitcoin to tokenize $40 million worth of Brazilian assets. On June 5, Foresight_News on Binance Square reported that the mainnet launch, named "Plume Genesis," follows a phased rollout, which included an initial phase called "Plume Alpha" to test the network's infrastructure and liquidity.