Apollo Global Management has made a seven-figure investment in Plume Network, a company specializing in tokenizing real-world assets. The investment, made through Apollo-managed funds, will support the growth of Plume's ecosystem, according to a statement released Tuesday as reported by BTC Peers.

Plume Network functions as a modular, Ethereum Virtual Machine-compatible Layer 2 network designed specifically for real-world assets. The platform reports its testnet already hosts over 18 million wallets, showing substantial early adoption.

This new funding follows Plume's previous $10 million seed round led by Haun Ventures approximately one year ago. The company also recently received an investment of an undisclosed amount from YZi Labs, further building its financial backing.

The investment comes amid a period of regulatory evolution for the crypto industry. In January 2025, Europe's Markets in Crypto-Assets (MiCA) framework began taking effect, establishing clearer operational guidelines for digital asset companies while authorities continue enforcing compliance with existing financial regulations.

Christine Moy, partner and head of digital assets at Apollo, said the investment aligns with Apollo's strategy to back technologies that enhance access to institutional-quality products. She pointed to the increasing movement of private assets and funds to blockchain platforms.

Apollo Global Management ranks among the world's largest asset managers with more than $700 billion in assets under management. The firm's interest comes amid growing attention to tokenized real-world assets across financial sectors.

Plume Network aims to offer investors opportunities to own various tokenized assets including:

• Equities
• Solar assets
• Collectibles
• Luxury goods
• Real estate

Teddy Pornprinya, co-founder of Plume, explained that the core challenge involves not just placing assets on-chain but making them functional within the crypto economy. He added that Plume creates an environment where asset issuers can connect to liquidity, community, and distribution channels.

The company plans to launch its mainnet in the coming weeks, as announced last month. According to DefLlama data, the total value locked in real-world asset protocols exceeded $10 billion last month, showing the growing significance of this sector.