21 new members including Plume Network, a16z and Galaxy Digital join Tokenized Asset Coalition to promote over $1 trillion in assets on the blockchain

BlockBeats news, on September 27, RWAfi network Plume Network announced that it had successfully joined the Tokenized Asset Coalition (TAC). Plume Network said it would be committed to promoting more than $3 billion in assets on the chain, and continue to work with industry leaders to enhance the tokenization of physical assets, simplify regulatory processes, and promote decentralized financial innovation. The project has processed more than $280 million in on-chain transactions during the test network, attracting more than 18 million wallets to participate.

TAC selected 21 new members from more than 175 applicants, including Plume Network, a16z, Arbitrum, Aptos, Galaxy Digital, Wisdom Tree, Axelar and Hashnote. TAC aims to promote more than $1 trillion in assets on the chain and promote the adoption of public blockchains, asset tokenization and institutional DeFi.

Previously, RWAfi network Plume Network completed a $10 million seed round of financing, led by Haun Ventures.