- Plume jumped 20% after YZi Labs introduced an funding in Plume Community
- The value of PLUME reached $0.18, not removed from its all-time excessive of $0.21.
- Plume has raised funds from Brevan Howard, Haun Ventures and Galaxy.
Plume Community’s native token PLUME soared 20% as YZi Labs, previously Binance Labs, introduced its funding within the layer 1 community.
PLUME rose sharply to hit intraday highs of $0.18, with this pushing bulls to close the all-time excessive of $0.2108. The altcoin reached this worth stage in January 2025.
Per CoinGecko knowledge on the time of writing, bulls had been simply 15% off that peak.
YZi Labs invests in Plume Community
Plume Community is a crypto platform aiming to bridge conventional finance and decentralized finance.
Over the previous a number of months, the mission has attracted consideration and funding. Largely, it’s been all the way down to the mission’s traction in the actual world belongings market. Because it appears to carry RWA on-chain, Plume has attracted backing from Brevan Howard Digital, Haun Ventures and Galaxy.
YZi Labs is one other enterprise capital heavyweight backing the Plume Community’s RWAfi initiative, in accordance with an announcement.
The funding underscores Plume’s potential and sees Changpeng ‘CZ’ Zhao led YZi Labs proceed its push into RWA, synthetic intelligence and different sectors on the intersection of TradFi and DeFi.
In a touch upon the funding, YZi Labs funding director Max Coniglio, mentioned:
“At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact, and Plume is a prime example—they are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption.”
Whereas at this time’s announcement didn’t disclose the monetary phrases of the funding, it provides to previous funding strikes geared toward boosting Plume’s progress. In October 2023, the mission raised $10 million in a seed spherical led by VC agency Haun Ventures.
YZi participated within the financing deal.
On this newest collaboration, Plume Community’s chief govt officer and co-founder, Chris Yin, mentioned:
“YZi Labs’ investment reinforces our vision of building a robust RWAfi ecosystem that drives institutional asset adoption while empowering crypto-native users.”
Who else backs Plume?
Plume has just lately inked main collaborations with the likes of Superstate, Fireblocks, Aethir, BounceBit, Mercado Bitcoin and Moca Community.
As famous, YZi Labs, rebranded from Binance Labs earlier this yr. The enterprise capital agency now operates as a household workplace, with Binance co-founders Changpeng Zhao and Yi He on the helm.
The agency’s funding within the RWAfi mission suggests confidence in what it’s prone to obtain available in the market.
Different tasks which have obtained notable adoption embrace Ondo Finance and MANTRA.
