Apollo Invests in Plume to Expand RWA Blockchain Infrastructure

Plume, a blockchain platform focused on real-world assets (RWAs), has secured a seven-figure investment from Apollo Global Management to accelerate its infrastructure development. This funding will help Plume transform a range of assets like financial instruments and carbon credits into tokenized versions that can be utilized in various crypto activities, such as lending and swapping. The investment highlights the growing institutional interest in tokenized assets, with a market projection reaching $18.9 trillion by 2033. Plume's testnet currently supports over 18 million crypto wallets and more than 200 integrated protocols. Apollo’s investment is seen as a strategic move to enhance the utility and accessibility of RWAs within the crypto economy, emphasizing the importance of composability and liquidity. Co-founder Teddy Pornprinya indicated that the mainnet launch is imminent, marking a significant step in Plume's mission to integrate traditional finance with blockchain technology.