Plume Network, a16z and others join Tokenized Asset Coalition

Plume Network, a modular real asset finance (RWAfi) blockchain project, announced on September 18 that it had successfully joined the Tokenized Asset Coalition (TAC). TAC selected 21 new members from more than 175 applicants, including Plume Network, a16z, Arbitrum, Aptos, Galaxy Digital, Wisdom Tree, Axelar and Hashnote, aiming to promote more than $1 trillion in assets on the chain and promote the adoption of public blockchains, asset tokenization and institutional DeFi. Plume Network said it will be committed to promoting more than $3 billion in assets on the chain and continue to work with industry leaders to enhance the tokenization of physical assets, simplify regulatory processes, and promote decentralized financial innovation. The project has processed more than $280 million in on-chain transactions during the testnet and attracted more than 18 million wallets to participate. Earlier news, Plume Network announced in May this year that it had completed a $10 million seed round of financing, led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures and Reciprocal Ventures.