Plume Network (PLUME) Soars 20% as YZi Labs (Formerly Binance Labs) Invests in the RWAfi Project

Plume Network’s native token PLUME soared 20% as YZi Labs, formerly Binance Labs, announced its investment in the layer 1 network.

Plume Network (PLUME) price surged 20% after YZi Labs, formerly Binance Labs, announced its investment in the layer 1 network.

The native token soared to hit an intraday high of $0.18, pushing bulls to nearly the all-time high of $0.2108 reached in January 2025.

Per CoinGecko data at the time of writing, bulls were just 15% away from that peak.

Plume Network is a crypto platform aiming to bridge traditional finance and decentralized finance.

Over the past several months, the project has attracted attention and investment, largely due to its traction in the real-world assets market.

As it looks to bring RWA on-chain, Plume has attracted backing from Brevan Howard Digital, Haun Ventures and Galaxy.

YZi Labs is another venture capital heavyweight backing the Plume Network’s RWAfi initiative, according to an announcement.

The investment will see Changpeng ‘CZ’ Zhao led YZi Labs continue its push into RWA, artificial intelligence and other sectors at the intersection of TradFi and DeFi.

In a comment on the investment, YZi Labs investment director Max Coniglio, said:

“At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact, and Plume is a prime example—they are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption.”

While today’s announcement did not disclose the financial terms of the investment, it adds to past funding moves aimed at boosting Plume’s growth. In October 2023, the project raised $10 million in a seed round led by VC firm Haun Ventures.

YZi participated in the financing deal.

On this latest collaboration, Plume Network’s chief executive officer and co-founder, Chris Yin, said:

“YZi Labs’ investment reinforces our vision of building a robust RWAfi ecosystem that drives institutional asset adoption while empowering crypto-native users.”

Plume has recently inked major collaborations with the likes of Superstate, Fireblocks, Aethir, BounceBit, Mercado Bitcoin and Moca Network.

As noted, YZi Labs, rebranded from Binance Labs earlier this year. The venture capital firm now operates as a family office, with Binance co-founders Changpeng Zhao and Yi He at the helm.

The firm’s investment in the RWAfi project suggests confidence in what it’s likely to achieve in the market.

Other projects that have received notable adoption include Ondo Finance and MANTRA.