Asset management firm Apollo makes strategic investment in RWA platform Plume, with a scale of millions

According to BlockBeats, on April 8th, asset management firm Apollo made a strategic investment of approximately seven figures in RWA platform Plume (the Plume team declined to disclose the full amount). This investment was made after Plume announced a $20 million Series A funding round at the end of last year. Plume co-founder Teddy Pornprinya stated that mainnet plans to launch this quarter. The Plume team and Apollo have been closely collaborating on the development of ACRED, a service provided by Apollo in partnership with Securitize. Apollo's investment marks its first investment in a specific RWA chain.