PANews reported on December 18 that according to Fortune magazine, tokenization startup Plume has completed a new round of financing of US$20 million. Brevan Howard Digital, Haun Ventures, Lightspeed Faction, Galaxy Ventures, Superscrypt, Hashkey, Laser Digital (under Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures and others have jointly invested, bringing its total financing to US$30 million. Plume will use the funds raised in the latest round of financing to expand from crypto-native users to traditional financial companies and asset management companies.

According to reports, Plume will provide developers with infrastructure for providing RWA financing, and its new blockchain focuses on the tokenization of physical assets. 180 projects have begun building on the network's infrastructure, including a decentralized private credit platform called Credbull. Although developers can already build on Plume's blockchain, the company said that users will need to wait until early next year to gain access.