Private Equity Giant Apollo Invests in RWA Crypto Platform Plume

Private equity giant Apollo invests in real asset platform Plume

The investment aims to accelerate Plume's efforts to create real-world asset trading capabilities and applications in cryptocurrency markets.

Christian Sandor, AI Boost | Edited by Sheldon Reback on April 8, 2025, 1:06 PM

What is important to know:

• Plume, a blockchain platform for real assets, has raised a “seven-figure” investment from funds managed by Apollo Global Management to expand its infrastructure.
• The funding highlights growing interest from institutional investors in tokenized assets as Plume seeks to increase liquidity and programmability of alternative assets.

Plume, a blockchain platform focused on real-world assets (RWA), announced on Tuesday that it has raised investment from funds managed by investment giant Apollo Global Management as part of its strategy to scale its infrastructure and integrate more traditional financial products onto the blockchain.

The terms of the funding were not disclosed. A Plume representative told CoinDesk that it was “seven-figure” sums.

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Plume is developing a modular, Ethereum-compatible blockchain that aims to turn assets ranging from financial instruments to carbon credits and collectibles into usable tokens. Its goal is to create a space where users can not only store digital versions of real-world assets, but also use them for familiar crypto activities like lending, borrowing, trading, and speculating.

The investment will help Plume accelerate the creation of a full-fledged blockchain and increase access to its ecosystem. Plume noted that its testnet already supports over 18 million user crypto wallets and more than 200 integrated protocols.

The funding from Apollo, one of the world’s largest asset managers, reflects growing institutional investor interest in tokenized real-world assets that use blockchain for traditional instruments such as bonds, funds, and commodities. A recent report from Ripple and Boston Consulting Group predicts that the tokenized asset market could reach $18.9 trillion by 2033.

For an asset management company like Apollo, which has been interested in digital finance for some time, the Plume deal is a bet on infrastructure aimed at increasing the liquidity and programmability of alternative assets.

“Our investment in Plume underscores Apollo’s focus on technologies that expand access to institutional-quality products and create more seamless, innovative client experiences,” said Christina Moy, partner and head of digital assets at Apollo, in a statement. “As private assets and funds increasingly move to blockchain, Plume represents a new type of infrastructure focused on digital asset utility, investor engagement, and next-generation financial solutions, helping to develop a more efficient and programmable financial system.”

Disclaimer: Portions of this article were generated by AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk's full AI policy.

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