Étienne Girard
Leading alternative investment firm Apollo Global Management has announced a strategic investment in Plume Network, a Layer 2 blockchain focused on bringing real-world assets (RWAs) onto the blockchain. The announcement, made Tuesday, highlights the increasing interest from traditional finance in blockchain-based infrastructure.
Plume plans to leverage the funding to accelerate the growth of its network, which currently boasts over 18 million wallets on its testnet. While the exact figure remains undisclosed, a Plume representative confirmed that Apollo’s investment surpasses seven figures, and was made via the firm’s managed funds.
Plume Network Builds Next-Gen Infrastructure for Tokenized Assets
Plume is an EVM-compatible, modular Layer 2 network built to support tokenization of real-world assets such as stocks, real estate, collectibles, solar energy assets, and luxury goods. The project previously raised $10 million in a seed round led by Haun Ventures and more recently secured additional backing from YZi Labs.
“Apollo’s support highlights our shared vision of expanding access to institutional-grade financial products through tokenization,” said Christine Moy, Partner and Head of Digital Assets at Apollo. “As private markets migrate on-chain, Plume offers a unique infrastructure focused on investor experience, asset utility, and innovative financial applications.”
Mainnet Launch Incoming Amid Surging Interest in RWAs
Plume’s mainnet is expected to go live within weeks, as the network aims to deepen its integration with both the crypto industry and legacy financial institutions. The total value locked (TVL) in RWA protocols recently surpassed $10 billion, according to data from DefiLlama — signaling strong momentum in the space.
“The real challenge isn’t bringing assets on-chain — it’s making them functional and valuable within the digital economy,” said Teddy Pornprinya, Plume’s co-founder. “Plume is building a seamless gateway where issuers can tap into liquidity, community, and smart distribution — unlocking value in entirely new ways.”
Apollo’s Blockchain Ambitions Grow
With over $700 billion in assets under management, Apollo’s move to invest in blockchain infrastructure like Plume reflects a broader institutional shift toward digitally-native financial products. This investment further solidifies Apollo’s commitment to supporting Web3 technologies that align with traditional finance goals.
