Plume, a network focused on real-world assets, just raised $20 million in a Series A funding round. This investment comes from notable firms like Brevan Howard Digital, Haun Ventures, and Galaxy Ventures.

The company plans to use this funding to speed up the development of its layer 1 blockchain. They're aiming for a mainnet launch in early 2025.

This latest round follows a $10 million seed round back in May, also led by Haun. Other investors in this round include Lightspeed Faction, Superscrypt, Hashkey, Nomura's crypto arm Laser Digital, A Capital, 280 Capital, SV Angel, and Reciprocal Ventures.

Plume's goal is to simplify how traditional financial instruments, known as tokenized real-world assets (RWAs), are brought onto blockchain platforms. They’re developing a tokenization engine and an Ethereum Virtual Machine (EVM)-compatible blockchain for trading assets.

Analysts believe the market for RWAs could grow into the trillions of dollars over the next decade. This growth is expected as both crypto firms and major financial institutions start tokenizing assets like bonds, commodities, and real estate.

So far, Plume has onboarded over $4 billion in assets. This includes private credit funds, renewable energy projects, and mineral rights. They’re also bringing niche products onto the blockchain, such as graphics processing units (GPUs) and carbon credits. Will Nuelle, a partner at Galaxy Ventures, noted that these products are often hard for average investors to access.