Apollo Global Invests Over Seven Figures in Plume Network – Boosting Blockchain RWA Infrastructure
New York – Global asset management giant Apollo Global Management has announced a more than seven-figure investment in Plume Network, a blockchain project dedicated to tokenizing real-world assets (RWAs). The investment is made through funds managed by Apollo and is intended to support the expansion of Plume’s RWA ecosystem.
Plume Network is an Ethereum Virtual Machine (EVM)-compatible Layer 2 network, designed to be modular and designed to support real-world asset applications. Since its testnet launch, Plume has seen over 18 million wallets created, signaling strong interest from the developer and investor community. The mainnet is expected to launch in the coming weeks, according to the company’s previous announcement.
The investment follows a $10 million seed round led by Haun Ventures last year, along with an undisclosed investment from YZi Labs recently.
Apollo Looks to Expand Access to Quality Assets
Christine Moy, partner and head of digital assets at Apollo, said the investment in Plume fits with the firm’s long-term strategy: “We are looking for technologies that can expand access to quality financial products to a wider audience. Plume provides an efficient infrastructure platform that focuses on the utility and accessibility of digital assets.”
Apollo has more than $700 billion in global assets under management. Investing in a blockchain project like Plume demonstrates the organization’s growing commitment to digital asset initiatives that are relevant to traditional finance.
Expanding the RWA Ecosystem – From Securities to Luxury Goods
Plume aims to bridge traditional assets and the Web3 world by tokenizing assets such as:
- Securities
- Renewable energy assets (such as solar)
- Collectibles
- Luxury goods
- Real estate
According to Teddy Pornprinya, co-founder of Plume: “The biggest challenge is not just getting assets on-chain, but making them have real-world use cases in the crypto economy. Plume is built to connect asset issuers with liquidity, communities, and distribution channels to drive innovation.”
RWA – A Strong Growth Trend
Apollo’s investment comes amid a rapidly growing RWA space. According to DefLlama, the total value locked (TVL) in RWA protocols surpassed $10 billion last month. RWA’s market capitalization also reached $19.6 billion at the beginning of April, up sharply from $17 billion just two months earlier.
Analysts predict the RWA market could reach $50 billion by the end of 2025, driven by growing interest from institutions seeking stable, asset-backed digital products to mitigate the risk of market volatility.