Plume, a platform focused on real-world asset financing, has announced receiving strategic investments from funds managed by Apollo Global. The funds will be used to develop its infrastructure and enhance the accessibility of real assets.
Investment from Apollo Global
The amount of the investment has not been disclosed, but it will be used to accelerate Plume's infrastructure development and support its mission to make real-world assets (RWAs) as accessible and functional as any crypto-native asset. Apollo Global is a NYSE-listed global alternative asset manager.
Infrastructure and Functions of Plume
Plume is building an EVM-compatible chain and infrastructure to bring assets such as financial instruments, carbon credits, and collectibles on-chain. The platform allows users to swap, lend, borrow, and speculate on tokenized assets through its RWA-focused DeFi ecosystem. Currently, Plume supports over 200 protocols and has seen activity from more than 18 million wallets on its testnet.
Plume's Role in Financial Innovation
Christine Moy, Partner and Head of Digital Assets at Apollo, stated that the investment reflects Apollo's belief in technologies that broaden access to institutional-quality products. Plume co-founder Teddy Pornprinya emphasized that the partnership supports the company's goal to go beyond tokenization and focus on making RWAs functional within the crypto economy.
The investment from Apollo Global will be an important step for Plume in increasing the functionality of real assets on the blockchain and fostering innovations in the financial sector.
