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Asset management institution Apollo has made a strategic investment in the RWA platform Plume, with a scale reaching the millions.
BlockBeats news, on April 8, asset management firm Apollo made a strategic investment of approximately seven figures in the RWA platform Plume (the Plume team declined to disclose the full amount). This investment follows the $20 million Series A financing announced by Plume at the end of last year. Plume co-founder Teddy Pornprinya stated that the Mainnet is scheduled to launch this quarter. The Plume team and Apollo have been closely collaborating on developing ACRED, a service provided by Apollo in partnership with Securitize. Apollo's investment marks its first investment in a specific RWA chain.