Plume
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Plume is a crypto-native platform that distributes real-world assets (RWA) as blockchain-based financial instruments. It provides RWA yield protocols and infrastructure for financial institutions to issue and manage tokenized assets.
Also known as $PLUME Β· Plume Network
Founders & leadership
Investors Β· 14
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Also in the syndicate Β· 2
Funding
SEC filings, press & company announcements$20M disclosed across 1 of 3 rounds Β· 2024β2026
- Undisclosed amountseed roundMay 2026Source β
- $20MraisedDec 2024 Β· 2 sourcesSource β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Plume is a public, EVM-compatible blockchain and financial platform focused on real-world assets (RWAs), which it describes as "RWAfi" β using tokenized institutional assets with the same composability as crypto-native tokens (stake, swap, lend, borrow, loop). Its stated mission is to bridge traditional finance and crypto through demand-driven adoption, bringing assets such as private credit, ETFs, commodities and more esoteric categories (GPUs, uranium, mineral rights, agricultural assets) onchain.
The consumer-facing product is Plume Vaults, where users deposit stablecoins (USDC, USDT, or Plume's native pUSD) and receive a vault token representing their position; yield accrues in the token's value and most redemptions are described as completing within minutes. Vaults span treasuries, structured credit, CLOs and market-neutral strategies, including BlackOpal LiquidStone II (Brazilian credit card receivables, FX-hedged and short-dated), the FALX Structured Credit Facility (digital-asset credit originated through FalconX's prime brokerage), iShares AAA CLO, WisdomTree, nTBILL and others. Vault positions can be leveraged, used as collateral or borrowed against via Morpho, and split into principal and yield via Pendle. pUSD is Plume's native stablecoin, issued and managed by Plume, backed by and redeemable 1:1 for USDC with no mint or redemption fees, and used for payments, trading and collateral across the ecosystem.
Plume assets are available on Ethereum, Solana, Avalanche, BNB Chain and Plume itself. The network reports over 200 protocols onboarded, and testnet activity of 18 million wallets and 280 million transactions. The company is licensed by the Bermuda Monetary Authority and engages on tokenization policy: General Counsel Salman Banaei, a former SEC and CFTC counsel, testified before the US House Financial Services Committee on tokenized finance.
Business model
Plume operates blockchain infrastructure and a vault platform through which asset managers and institutions issue, distribute and manage tokenized real-world assets, while end users deposit stablecoins to gain exposure. It also issues pUSD, a native stablecoin backed 1:1 by USDC and used as a medium of exchange and collateral across the ecosystem.
Traction
The company reports over 200 protocols onboarded and testnet activity of 18 million wallets and 280 million transactions. Vault TVL disclosed on its site includes BlackOpal LiquidStone II at $77.6M and the FALX Structured Credit Facility at $28.8M, with additional vaults ranging from roughly $36K to $13.2M; advertised APYs reach up to 17.4%. ether.fi allocated $100M into a Plume RWA vault for its customer base.
Latest developments
Recent announcements include the launch of FALX with FalconX (June 2026), a $100M ether.fi allocation into a Plume RWA vault (June 2026), expanded institutional fixed income vaults with Bybit (June and August 2026), nOPAL going live on Avalanche (July 2026) and on Pendle (May 2026), an nBasis vault bringing RWA yield to Binance Wallet (July 2026), and an MOU with Shinhan Asset Management on tokenized securities cooperation (August 2026). Apollo invested in Plume in April 2025, and Plume's General Counsel testified before the US House Financial Services Committee on tokenization.
βΈFull profile β market position, technology, go-to-market, geography
Market position
Plume positions itself as infrastructure for institutional assets moving onchain, with vaults sourcing exposure to products from managers including Apollo, BlackRock, Blackstone, Invesco, Superstate, WisdomTree, PIMCO and CMBI, and distribution through partners such as Bybit, Binance Wallet and ether.fi.
Rather than tokenizing assets alone, Plume emphasizes making RWAs composable and usable across the DeFi stack β as collateral, in lending markets, in leveraged loops and in structured products β combined with compliance features (AML screening), a regulated licence, and native stablecoin rails.
Technology
Plume is a public, EVM-compatible layer-1/blockchain network designed for real-world asset finance, with documentation covering network information, contract addresses, bridging and swapping, staking, gas and fees, and finality relative to Ethereum. It includes AML screening and compliance tooling plus audits and security programs. Native tokens include PLUME, pUSD (USDC-backed stablecoin) and pETH. Vault tokens represent user positions and are composable with external DeFi protocols such as Morpho (lending, borrowing, looping up to 6.7x leverage) and Pendle (principal/yield splitting and fixed-rate trading).
Go-to-market
Plume combines direct partnerships with asset managers and institutions that issue tokenized products with distribution partnerships that place its vaults in front of large retail crypto user bases β for example Bybit (institutional fixed income from PIMCO and CMBI), Binance Wallet (nBasis vault on Nest) and ether.fi. It also pursues multi-chain availability (Ethereum, Solana, Avalanche, BNB Chain) and integrations with DeFi venues such as Morpho and Pendle, alongside regulatory engagement and licensing.
Institutional asset managers, issuers and distribution partners (exchanges, wallets, DeFi protocols) on the supply side; crypto users and onchain investors seeking access to institutional-grade yield products on the demand side.
Geography
Plume describes a global presence and is licensed by the Bermuda Monetary Authority. Its activity spans US policy engagement (Congressional testimony, SEC advocacy), Brazilian credit-card receivable assets, a Korean partnership with Shinhan Asset Management, and multilingual content in English, Korean and Chinese.
Compiled by commissioned research from 7 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 11
launches, deals, and filingsPlume and Bybit expanded access to the $3 trillion Brazilian credit card financing market via the nOPAL product.
Plume brought institutional real-world asset yield to Binance Wallet through the nBasis vault on Nest.
Launch of FALX, a structured credit vault providing onchain exposure to digital asset credit originated through FalconX's prime brokerage platform.
Plume and Bybit expanded access to institutional fixed income vaults, bringing products from PIMCO and CMBI to Bybit's crypto users.
ether.fi allocated $100M exclusively into a Plume real-world-asset vault, expanding RWA yield for its customer base.
$100M source β
Forbes coverage of Plume General Counsel Salman Banaei, a former SEC and CFTC counsel, urging faster tokenization rulemaking; Banaei also testified before the US House Financial Services Committee on tokenized finance.
Apollo made an investment in Plume; Christine Moy, Partner and Head of Digital Assets at Apollo, said the investment reflects Apollo's focus on technologies that broaden access to institutional-quality products. Reported by The Block.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 7
primary sources listed
- Plumeplumenetwork.xyz Β· web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Plume do?
- Plume is an EVM-compatible blockchain and vault platform for tokenizing, distributing and using real-world assets onchain.
- Who founded Plume?
- Plume was founded by Chris Yin.
- Who are Plume's investors?
- Plume's investors include A.Capital Ventures, Breed, Haun Ventures, Hyperithm, Reciprocal Ventures, Serafund, AENU, Better Angle and 4 more.
- How much funding has Plume raised?
- Plume has disclosed $20M raised across 1 of its 3 known rounds.