Apollo Invests in RWA Platform Plume Following Recent Funding Round

According to BlockBeats, asset management firm Apollo has made a strategic investment in the RWA platform Plume, amounting to approximately seven figures. The exact amount remains undisclosed by the Plume team. This investment follows Plume's announcement of a $20 million Series A funding round late last year. Plume co-founder Teddy Pornprinya stated that the mainnet is scheduled to launch this quarter. The Plume team has been working closely with Apollo to develop ACRED, a service provided in collaboration with Securitize. This marks Apollo's first investment in a specific RWA chain.