On March 17, YZi Labs announced its investment in the RWAfi track project Plume, attracting widespread attention in the market. This round of financing is the third round for Plume, following two consecutive rounds of financing in May and December last year, representing a high recognition of the market capital's acknowledgment of Plume's RWAfi narrative and its development potential.
This financing not only enhances market expectations and valuations for the Plume ecosystem but also further accelerates market attention towards Plume under this significant positive stimulus. The price of the PLUME token surged from $0.14 to $0.19, with a daily increase of up to 35%. Against the backdrop of favorable policies, the completion of this round of financing will usher the Plume ecosystem into a period of accelerated development. With the continuous advancement of ecosystem construction, Plume is expected to achieve larger-scale market breakthroughs, continuously driving the vigorous development of the RWAfi track while welcoming explosive growth.
Plume: The first on-chain ecosystem positioned for RWAfi
Plume is currently the industry's first on-chain ecosystem positioned for RWAfi, having launched the first L1 public chain specifically designed for RWAfi (Real World Asset Finance). As the only blockchain built to protect trillions of RWA assets, Plume aims to redefine the RWAfi market with a structure that does not require user KYC and is permissionless, providing an efficient, transparent, and convenient infrastructure for crypto-native users, helping traditional financial assets and crypto assets achieve seamless integration. The core advantage of the Plume project lies in its unique RWAfi ecosystem, promoting a comprehensive upgrade of traditional financial assets through Web3.
As the first EVM-compatible chain focused on RWA, it can launch a full-stack of tools in a modular way to provide a foundation for various RWAfi applications in the market. Currently, Plume has launched core components including the tokenization engine Arc, smart wallets, and off-chain data systems Nexus, which not only simplify and optimize the tokenization process but also enable physical and digital assets to be quickly tokenized under compliance, seamlessly connecting with off-chain compliance systems and data systems. It supports the storage, trading, and yield generation of assets. Additionally, the smart wallet integrates various DeFi functions, such as yield farming and lending, helping users fully explore the potential of their tokenized assets within the on-chain ecosystem. By introducing off-chain data sources, real-time market information is transformed into on-chain usable data, enhancing the accuracy of asset pricing and trading, further increasing the market liquidity of RWA.
From Plume's ecological philosophy, which prioritizes the community, it empowers buyers, targeting retail users, Web3 natives, and the crypto economy, making RWA a truly bottom-up financial movement, free from institutional dominance. With Plume, it will become the key to unlocking the true liquidity of RWA, forming a well-rounded closed loop for RWAs, facilitating the flow and circulation of value. If Robinhood changed stock trading, then Plume is doing the same by driving the transformation of RWAfi and truly achieving RWA for the people. For this reason, Plume is hailed as Robinhood 2.0.
As the most representative ecosystem in the RWAfi track, Plume currently has 18 million wallets, 3.75 million active users, and 265 million transactions. Meanwhile, the Plume ecosystem already has over 180 RWA applications and protocols, including Ondo, Royco, and even top financial institutions and blue-chip projects like Blackrock, Hamilton Lane, and Franklin Templeton choosing Plume to layout RWA, fully validating Plume's position and potential in the RWA field.
High recognition of Plume by YZi Labs
In fact, since last year, YZi Labs has continuously focused on the RWA track and invested in many quality RWA projects. In this new market phase, we see that YZi Labs still considers RWA one of its key investment directions. In YZi Labs' investment in Plume, it has given high praise to the Plume project.
Max Coniglio, Investment Director at YZi Labs, stated: "YZi Labs is committed to investing in projects that create real value using blockchain, and Plume is a prime example—it unlocks capital through real assets on-chain, expands accessibility, and accelerates industry adoption. Plume makes RWAs as easy to use as digital assets, connecting traditional finance with DeFi and promoting broader adoption. We are pleased to support their continued development in the RWAfi ecosystem."
It is evident that YZi Labs' investment in Plume is not only a key layout for the crypto market entering a new development stage but also represents YZi Labs' high recognition of Plume's industry position, influence, and long-term development potential in the RWA track.
Significant positive factors for the development of the Plume ecosystem
From the current development status of the Plume ecosystem, it has made good progress in the market development process of the RWA track, including Ondo, Royco, Qiro Finance, Purpose for Profit, PinLink, and even top financial institutions and blue-chip projects like Blackrock, Hamilton Lane, and Franklin Templeton choosing Plume to layout RWA.
Similarly, Plume's ARC product is currently planned for market release, focusing on simplifying and streamlining the tokenization process of real-world assets, allowing asset issuers to tokenize stocks, bonds, funds, and other assets within minutes. It is reported that this product is expected to launch in the first quarter of 2025, introducing $2 billion in private and public credit, $1 billion in energy transition projects, and $500 million in metals and mining assets. Through Plume's smart accounts and compliance tools, Arc provides issuers with self-custody, KYC automation, and the ability to directly sell tokenized assets, connecting traditional finance with blockchain in an RWAfi manner, creating more institutional-grade asset investment opportunities.
With the advancement of this round of financing, Plume is officially included in Binance's ecosystem investment map, becoming an important layout in its RWA track. This also means that Plume not only receives investment from the Binance ecosystem but also, as an important member of its investment map, will long-term benefit from resource allocation, market support, and ecosystem support, forming a deep linkage with the Binance ecosystem. This will undoubtedly greatly accelerate the development process of the Plume ecosystem and further enhance its long-term value capture ability, providing a significant boost for the long-term development of the Plume ecosystem.
With the financing news landing, PLUME also surged, with a daily increase of over 35%. This investment event further accelerates the attention of more investors, partners, and users towards Plume, with the PLUME token currently at its historical high of $0.2.
Similarly, the PLUME token has not yet been listed on Binance, leading to some speculation in the market. Many believe this could be a potential positive factor that has yet to materialize, likely serving as one of the driving forces for the PLUME token's increase. Therefore, after this round of increase, PLUME still possesses upward momentum.
Token market value and valuation do not match, long-term increase may be several times
Plume has previously secured two rounds of financing, including a $10 million seed round led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures, as well as a $20 million Series A round provided by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, HashKey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. In fact, after these two rounds of financing, Plume's valuation in the RWA track was already among the top.
With the new round of financing provided by YZi Labs, Plume's valuation has been further elevated. However, even with the PLUME token currently at a high price point, its FDV is only $2 billion, compared to other projects in the same track, including Mantra ($OM) with an FDV of about $12.5 billion and Ondo ($ONDO) with an FDV of about $8.5 billion, indicating that the PLUME token still has significant room for growth.
Regarding Plume's fundamentals and development potential, it is superior to others in the same track, and the data such as token market value and valuation do not match, suggesting that long-term increases could still be several times.