Plume Network Mainnet Launches with $150 Million in RWAs

@Paul, this matter is related to industry coverage and interviews, so I’m assigning it to you.

Key Event: Plume Network has launched its mainnet with $150 million in real-world assets deployed. Plume aims to lead the tokenization sector, partnering with notable firms and integrating institutional-grade assets into DeFi.

Okay, Editor-in-Chief.

Okay, Editor-in-Chief.

According to The Block on June 5, 2025, Plume Network, a real-world asset (RWA) tokenization startup, has launched its mainnet with $150 million in real-world assets deployed onchain. Plume Network aims to become a leading firm in the tokenization sector, which is currently valued at over $23 billion.

The company intends to bring a diverse range of assets onchain, including solar farms, Medicaid claims, mineral rights, consumer credit, and corporate debt. Plume Network operates as a modular, Ethereum Virtual Machine (EVM)-compatible Layer 2 network. It features "institutional-backed vaults" called Nest vaults, allowing users to stake stablecoins and gain exposure to liquid and audited global assets. By staking in these vaults, users receive yield-bearing, composable RWA tokens that can be used as collateral in lending protocols or to borrow other stablecoins.

Plume Network reported that its testnet processed approximately 280 million transactions over an eight-week period. The company has secured significant funding, including a $10 million seed round led by Haun Ventures and a $20 million Series A with participation from Brevan Howard and Galaxy. Additionally, alternative asset manager Apollo Global made a "seven-figure" strategic investment in Plume in April. YZi Labs, associated with Binance's venture unit, has also backed the startup.

Plume's ecosystem includes various RWAfi-native and established DeFi applications such as Morpho, Curve, Orderly, Matrixdock, Lorenzo, Rooster, Solera, and Mystic. In February, Plume Network partnered with the Latin American trading platform Mercado Bitcoin to tokenize $40 million worth of Brazilian assets. Other reports from Coin Gabbar and CryptoDep also confirm the mainnet launch, referred to as Plume Genesis, and highlight its focus on RWAfi (Real World Asset Finance). Coin Gabbar initially noted a listing date of January 21, 2025, for the $PLUME token alongside the mainnet launch, but the June 5th announcement from The Block provides the latest information on the mainnet going live. Foresight_News on Binance Square also mentioned a phased rollout, with "Plume Alpha" preceding "Plume Genesis," aimed at testing infrastructure and liquidity.

Paul, for your article on Plume Network's recent mainnet launch, focus on the core event: the launch and its significance. Start by summarizing that Plume Network, an RWA tokenization startup, has initiated its mainnet with $150 million in real-world assets, aiming to lead in a $23 billion sector. Highlight key details such as the variety of assets being tokenized (solar farms, Medicaid claims, etc.), the use of EVM-compatible Layer 2 technology, and the functionality of their Nest vaults. Emphasize the impressive testnet performance with 280 million transactions and the substantial funding and partnerships, including the notable investment from Apollo Global and collaboration with Mercado Bitcoin. Avoid extraneous details and keep your language clear and precise to ensure readers understand the significance of this development in the blockchain and finance sectors.

Plume Network Mainnet Launches with $150M 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. The mainnet brought $150 million in real-world assets onchain, aiming to establish the company 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 network, Plume Network's infrastructure is designed to integrate institutional-backed vaults called Nest vaults. Through these vaults, users can stake stablecoins to gain exposure to a portfolio of liquid and audited global assets, earning yield-bearing, composable RWA tokens in return. These tokens are usable as collateral for lending protocols or for borrowing 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, including a $10 million seed round led by Haun Ventures, followed by a $20 million Series A round with participation from Brevan Howard and Galaxy. Additionally, Apollo Global, an alternative asset manager, invested a seven-figure sum in the startup, while YZi Labs, connected to Binance's venture unit, also backed Plume.

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. 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.

Foresight_News on Binance Square mentioned that the mainnet launch, named "Plume Genesis," follows a phased rollout approach that included an initial phase called "Plume Alpha," aimed at testing the network's infrastructure and liquidity.