Plume secures investment from Apollo for RWA infrastructure

Plume, a modular blockchain focused on the financing of active world active ingredients, has obtained a strategic investment of the funds managed by Apollo Global, according to a note shared with Crypto.News.

The undisclosed amount will accelerate the development of the infrastructure of the panache and will support its mission to do Rwas As accessible and functional as any crypto-nest active. Apollo is a global alternative network manager classified in the NYSE.

Feather is built An EVM compatible chain and an end -to -end infrastructure to provide assets such as financial instruments, carbon credits, GPUs and collectibles.

The platform allows users to exchange, lend, borrow and speculate on tokenized assets via its DEFI ecosystem focused on RWA. Plume currently supports more than 200 protocols and has seen the activity of more than 18 million portfolios on its testnet.

In March, Plume spear A new payment financing product called NPAYFI on its nest platform. The product offered real yield uses powered by the USD Paypal (Pyusd) Stablecoin.

Plume wanted to provide payment funding on the channel and use Pyusd as a liquidity layer on the active market in the real world.

Onchain assets

Christine Moy, partner and manager of digital assets, of Apollo, said that investment reflects Apollo’s belief in technologies that “widen access to institutional quality products and create more transparent innovative customer experiences”. She highlighted the role of pen in activating programmable financing and investor engagement for private assets in motion.

The co-founder of Plume, Teddy Pornprinya, said that the partnership supports the company’s objective to go beyond tokenization and to focus on the functioning of RWAS in the cryptographic economy.

“The challenge is not to get assets making them useful once they are there,” he said.

Unlike traditional RWA solutions which are focused only on the tokenization of assets, the feather infrastructure emphasizes composability and utility. Asset transmitters can connect directly to liquidity and distribution networks, positioning the panache as a center for ONCHAIN’s financial innovation.