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plume.org PLUME

73 employees on LinkedIn Β· 3 known investors

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Doug Grohunlockedknows Chris Yin Β· together at Investor (overlapped)
Γ—11knows the team Β· via Scale Venture Partners

Plume provides a platform for tokenizing and distributing real-world assets (RWAs) on blockchain infrastructure. The company offers a yield protocol called Nest for RWA holders and serves financial institutions seeking to access crypto-native asset distribution.

Also known as Plume Β· Plume Network

Founders & leadership

EYEugene Y. Q. Shen
Eugene Y. Q. SheninFounder
CYChris Yin
Chris Yinin𝕏FounderChris Yin is founder and CEO of Plume, a platform for tokenizing and distributing real-world assets on blockchain. He has prior experience as a founder and investor in early-stage companies.

Investors Β· 3

Company profile

researched Aug 2026

Plume operates an onchain platform for bringing institutional financial assets β€” including AAA CLOs, structured receivables, private credit, treasuries and market-neutral strategies β€” to crypto-native investors. Its principal user-facing product is Plume Vaults, which accept stablecoin deposits (USDC, USDT, or Plume's own pUSD stablecoin) and issue a vault token representing the depositor's position; yield accrues through appreciation of the vault token, and the company states most redemptions complete within minutes. Vaults are available across Ethereum, Solana, Avalanche, BNB Chain and Plume's own network.

The platform also connects vault positions to third-party DeFi primitives: leveraged looping and borrowing against vault tokens, plus pUSD lending, are powered by Morpho, while yield tokenization (splitting positions into principal and yield to fix rates or sell future yield) is powered by Pendle. On the supply side, Plume works with asset issuers and institutions to issue, distribute and manage tokenized real-world assets, and it engages on tokenization policy β€” its General Counsel, Salman Banaei, a former SEC and CFTC counsel, testified before the U.S. House Financial Services Committee on tokenized finance. Plume states it is licensed by the Bermuda Monetary Authority.

Business model

Plume operates infrastructure and vault products that intermediate between institutional asset issuers and onchain investors: issuers use Plume to tokenize and distribute real-world assets, while retail and crypto-native capital deposits stablecoins into yield-bearing vaults holding those assets [0].

Traction

Website lists individual vaults with disclosed TVL, the largest being BlackOpal LiquidStone II at $76.4M (11.3% APY) and the FALX Structured Credit Facility at $28.8M (7.2% APY), alongside smaller vaults including Alpha ($13.2M), AXI ($5.5M), iShares AAA CLO ($3.2M), WisdomTree ($2.9M), nTBILL ($2.6M) and Liquid Credit ($2.1M); advertised yields reach up to 19.8% APY. EtherFi is cited as allocating $100M into institutional RWA yield through Plume Vaults, and Apollo is described as an investor and partner reaching onchain investors via Plume [0].

Latest developments

Company highlights include an April 2025 investment from Apollo to advance RWA development, a December 2025 New York Times feature on Plume's role in tokenization, March 2026 Forbes coverage of Plume's counsel urging the SEC to accelerate tokenization rules, and a June 2026 report of EtherFi and Plume expanding RWA yield with a $100M vault [0].

β–ΈFull profile β€” market position, technology, go-to-market, geography

Market position

Positions itself as distribution infrastructure connecting large traditional asset managers and institutional fixed income to onchain investors, citing relationships with Apollo, EtherFi and Bybit [0].

Combines regulated real-world asset exposure with DeFi composability β€” multichain vault tokens usable as collateral for borrowing, automated leverage up to 6.7x in a single transaction with one unwind redemption period, and yield tokenization β€” alongside a regulatory license and active engagement with U.S. policymakers [0].

Technology

Multichain deployment of tokenized real-world-asset vaults on Ethereum, Solana, Avalanche, BNB Chain and Plume's own chain, with a native stablecoin (pUSD), tokenized vault positions that accrue yield in token value, and integrations with Morpho for leveraged looping, borrowing and lending and with Pendle for principal/yield splitting and yield trading [0].

Go-to-market

Direct self-service vault deposits for onchain users, combined with institutional partnerships and distribution deals that place tokenized products in front of partners' existing customer bases (for example Bybit's crypto users and EtherFi's depositors), supported by public-policy engagement and press coverage [0].

Onchain/crypto investors seeking real-world-asset yield, and institutional counterparties β€” asset managers, credit platforms, exchanges and protocols β€” that want to issue and distribute tokenized assets [0].

Geography

Describes a global presence and states it is licensed by the Bermuda Monetary Authority; distribution partners include the exchange Bybit, and one flagship vault provides exposure to Brazilian credit card receivables [0].

Compiled by commissioned research from 3 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Alpha vault TVLJan 2026$13.2M
BlackOpal LiquidStone II vault TVLJan 2026$76.4M
EtherFi allocation into Plume VaultsJun 2026$100M
FALX Structured Credit Facility vault TVLJan 2026$28.8M
Maximum advertised vault APYJan 202619.8 % APY

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

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by search overlap
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MEXC Global24 shared keywordsMEXC is a cryptocurrency exchange where users trade a range of tokens and futures, with features such as low fees and liquidity. It highlights asset security measures including a Guardian Fund, 1:1 backed reserves, and a futures insurance fund.
KuCoin24 shared keywordsKuCoin is a global cryptocurrency trading platform trusted by over 45 million users that provides spot trading, leverage, options, derivatives, DeFi, lending, and mining services across more than 200 countries. The platform offers access to 1,000+ coins and includes features like copy trading, Web3 wallets, and institutional services, with a focus on security through multi-layered systems and compliance certifications.
Messari22 shared keywordsCrypto data, research and disclosure platform covering 40,000+ assets; acquired by Blockworks in June 2026.
Uniswap20 shared keywordsUniswap is an Ethereum-based decentralized exchange protocol using an automated market maker model, built by Uniswap Labs.

Companies competing with plume.org PLUME for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 5

launches, deals, and filings
Jun 2026
EtherFi and Plume expand RWA yield with $100M vault

EtherFi allocated $100M into institutional real-world-asset yield through Plume Vaults for its customer base, as reported by The Block.

$100M source β†—

Mar 2026
Plume General Counsel testifies to Congress and urges SEC action on tokenization

Salman Banaei, Plume's General Counsel and a former SEC and CFTC counsel, testified before the U.S. House Financial Services Committee on tokenization as market infrastructure; Forbes reported his call for the SEC to accelerate tokenization rules.

source β†—

Jan 2026
Bybit distributes institutional fixed income via Plume

Bybit brings institutional fixed income products from PIMCO and CMBI to its crypto users through Plume.

source β†—

Jan 2026
Licensed by the Bermuda Monetary Authority

Plume states it is licensed by the Bermuda Monetary Authority.

source β†—

Apr 2025
Apollo invests in Plume to advance RWA development

The Block reported that Apollo invested in Plume to advance real-world asset development; Apollo's Partner and Head of Digital Assets, Christine Moy, described the investment as underscoring Apollo's focus on technologies broadening access to institutional-quality products. No amount disclosed.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 3

primary sources listed

3 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does plume.org PLUME do?
Plume brings institutional real-world assets onchain, offering tokenized credit and treasury yield vaults to crypto investors.
Who founded plume.org PLUME?
plume.org PLUME was founded by Eugene Y. Q. Shen, Chris Yin.
Who are plume.org PLUME's investors?
plume.org PLUME's investors include AlphaLab Capital, Caladan, Truth Ventures.