Plume, a blockchain platform focused on real-world assets, has announced a significant investment from Apollo Global Management to enhance its infrastructure. This funding is intended to facilitate the integration of more traditional financial products onto the blockchain.
Key Highlights:
- The amount of investment has not been publicly shared; however, Plume described it as a “seven-figure” deal.
- The funding illustrates a rise in interest from institutional investors in tokenized assets, positioning Plume to improve liquidity and programmability of alternative assets.
Plume has developed a modular blockchain compatible with Ethereum that aims to convert various assets—ranging from financial instruments to carbon credits—into digital tokens. The goal is to enable users to utilize these digital representations in crypto-related activities.
The financial injection from Apollo will help expedite Plume’s comprehensive blockchain development, widening user access to their platform. Currently, Plume’s testnet supports over 18 million crypto wallets and integrates with more than 200 protocols.
Apollo’s backing of Plume highlights a growing trend where institutional interest shifts towards tokenized real-world assets. A study by Ripple and Boston Consulting Group suggested that the value of tokenized assets could hit $18.9 trillion by the year 2033.
Christine Moy from Apollo stated:
“Our investment in Plume underscores Apollo’s focus on technologies that broaden access to institutional-quality products and create more seamless, innovative client experiences. As private assets and funds increasingly move on-chain, Plume represents a new kind of infrastructure focused on digital asset utility, investor engagement, and next-generation financial solutions.”
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Disclaimer: Some aspects of this article were generated with AI assistance and reviewed for accuracy.
