Plume Gets Major Boost From Apollo: Why the Private Equity Giant Is Funding This RWA Crypto Project?
On Tuesday, the RWA-focused blockchain platform Plume revealed that it had obtained funding from funds overseen by Apollo Global Management, a major player in the private equity industry. Plume will use the funds to expand its infrastructure and add more conventional financial items to the chain. The funding terms were not disclosed in the protocol. It was a seven-figure investment, a Plume representative told CoinDesk.
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 – advancing the development of a more efficient and programmable financial system.
Christine Moy, partner and head of digital assets at Apollo
Plume Prepares Mainnet Launch With Over 18 Million Wallets and Apollo’s Financial Backing
The funding will assist Plume in expanding access to its ecosystem and expediting the rollout of its full-stack blockchain. According to Plume, its testnet currently supports more than 200 integrated protocols and more than 18 million user crypto wallets. Using blockchain rails for conventional instruments like bonds, funds, and commodities, Apollo, one of the biggest alternative asset managers in the world, has provided funding, demonstrating the growing institutional interest in tokenized real-world assets.
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