Apollo backs blockchain-based RWA platform Plume

Apollo Global Management has invested in Plume, a blockchain infrastructure platform focused on real-world asset (RWA) tokenisation, as part of a broader push to bring institutional-grade financial products on-chain, according to a report by CoinDesk.
Apollo backs blockchain-based RWA platform Plume
While financial terms of the transaction were not disclosed, Plume confirmed the deal represents a seven-figure capital injection.

Plume is building a modular, Ethereum-compatible Layer 1 blockchain designed to facilitate the tokenisation and utility of a diverse set of real-world assets – spanning traditional financial instruments, carbon credits, and digital collectibles. The company’s infrastructure aims to enable users to not only tokenise assets but also deploy them across a suite of DeFi applications, including lending, borrowing, and secondary trading.

The funding will accelerate Plume’s product development and ecosystem expansion. According to the company, its testnet already supports over 18 million wallets and more than 200 integrated protocols.

The deal signals continued institutional interest in the RWA space, as asset managers explore blockchain-enabled infrastructure to unlock liquidity, programmability, and broader access to alternative investments. A recent study by Ripple and BCG forecasts the tokenised asset market could grow to $18.9tn by 2033.
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Apollo Global Management
Apollo Global Management
New York, United States
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes.
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