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Plume Raises $20M Series A from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction

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Plume aims to bring real world tokenization onchain to build out RWAfi ecosystem

NEW YORK, Dec. 18, 2024 /PRNewswire/ — Plume, the first fully integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), today announced the closing of a $20M Series A funding round from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others, showcasing strong industry conviction from crypto-native and traditional finance investors in Plume’s vision of an onchain RWAfi ecosystem.

Since its seed round, Plume has seen explosive growth with over 180 protocols building in its ecosystem, representing over $4B in assets. The network’s recently concluded 8-week testnet boasted over 18M wallets, 3.75M actives, and over 280M transactions. Additionally, Plume’s recent pre-deposit campaign was oversubscribed with more than $30M filled in less than 90 minutes, building momentum ahead of its mainnet launch.

At the helm of RWAfi, Plume builds infrastructure that makes it easy to interact with the real world onchain. Plume is both the easiest place to bring real world assets from the real world onchain with products like Plume Arc (modular tokenization engine), Plume Nexus (real world data provider), and as well as interact with those assets on Plume’s EVM blockchain. On Plume, users can seamlessly swap, trade, and speculate on real world assets just as easily as they can when interacting with crypto native assets. Whether it’s earning real yield from holding oil royalties, putting that into a lending market to loop against it, or putting those tokens into a perps dex – Plume is the only place where users can permissionlessly access the real world via crypto rails.

“RWAs have always had tremendous onchain demand, but historically the infrastructure to bring these assets onchain just hasn’t existed,” said Chris Yin, cofounder and CEO of Plume. “Just look at the original RWA, the stablecoin – it’s one of the best products in crypto for onboarding new users. But the key to adoption, however, is the ecosystem and user experience – while stables have nailed it, the rest of RWAs have not. So now with Plume, asset issuers of all kinds can become crypto native builders. Through our technology and ecosystem, we plug them directly into our community, ecosystem, and liquidity and all in an open, permissionless, and composable way.”

The funds raised in this round will accelerate Plume’s commitment to creating the first L1 RWA blockchain for crypto-natives and institutions while supporting new applications and products in emerging markets built on Plume, furthering its mission of bringing the real world onchain for everyone from crypto natives to the largest financial institutions.

“The Plume approach to RWA leverages the unique capabilities of DeFi-native blockchain rails and combines it with their deep understanding of the incentives that drive traditional financial institutions and net new users to come onchain, especially in emerging markets. It’s exciting to see alternative investment classes such as carbon credits, specialty finance products, and GPUs brought onchain via Plume that are not easily accessible to investors today,” said Will Nuelle, General Partner of Galaxy Ventures.

Plume aims to unlock the untapped potential of physical assets and economic data to create opportunities for real yield, sustainable growth, and global accessibility. Users will be able to access Plume on mainnet launch starting early next year.

About Plume

Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.

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SOURCE Plume Network

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

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22 minutes ago

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December 18, 2024

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CLEVELAND, Dec. 18, 2024 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

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SOURCE Preformed Line Products

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Cassia Networks Releases the M1500 Enterprise-Grade Compact Bluetooth Gateway, Enhancing Enterprise Application Flexibility

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22 minutes ago

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December 18, 2024

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Cassia Networks presents the new M1500, a compact Bluetooth Gateway designed to provide flexible and cost-effective solutions for enterprise IoT applications.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Today, Cassia Networks, Inc., a leading provider of enterprise Bluetooth IoT products and solutions, announces the launch of its new M1500 Bluetooth Gateway in China. Further announcements for the global release will follow.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance. It is designed to be easy to install and use, offering the convenience of supporting both Wi-Fi and Ethernet as backhaul options, along with Power over Ethernet (PoE) supply capabilities.

The M1500 provides customers with enterprise-grade security, flexibility, and scalability, making it an ideal solution for deploying IoT projects in a cost-effective manner. Like all of Cassia’s Bluetooth gateways, the M1500 can be managed using Cassia’s IoT Access Controller (AC), which stands as the industry’s most robust enterprise Bluetooth network management solution.

The M1500 also supports Bluetooth roaming and positioning, features that are shared with other Cassia enterprise Bluetooth gateways such as the M2000, E1000, and X2000. It serves as a complementary addition to this lineup.

The M1500 is available in two distinct versions: the M1500 Standard and the M1500-XT. The M1500 Standard is an indoor model equipped with an omni-directional antenna. In contrast, the M1500-XT is designed for outdoor use, featuring a robust outdoor enclosure and a directional antenna.

The versatility of the M1500 gateway allows it to be utilized across a wide range of industries and applications. These include continuous vital sign monitoring in hospitals, telehealth, Industrial IoT, smart campuses, supply chain management, and personnel and asset tracking.

Felix Zhao, CEO of Cassia Networks, expressed his enthusiasm about the new product, stating, “We are thrilled to announce the M1500. This addition enhances our suite of enterprise IoT solutions by providing flexible, secure, and cost-effective connectivity for our enterprise customers.”

To learn more about the M1500 technical specifications visit: https://www.cassianetworks.com/products/m1500-bluetooth-gateway/

About Cassia Networks

Cassia Networks is the leading provider of enterprise Bluetooth IoT products and solutions. Our patented technology provides the most reliable and easy to manage long-range, multiple device connectivity, edge processing and locationing for Bluetooth IoT networks. Our mission is to solve the IoT connectivity, locationing and management challenges faced by today’s enterprises and make IoT easy.

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SOURCE Cassia Networks

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Pye-Barker Fire & Safety Launches into Maine, New Hampshire and Vermont, Acquiring Seacoast Security

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22 minutes ago

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December 18, 2024

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ATLANTA, Dec. 18, 2024 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired Seacoast Security, a Northeast leader in security systems, fire alarms and video surveillance with eight locations in Maine, New Hampshire and Vermont. These locations will be Pye-Barker’s first in these three states, marking important milestones for the company. By partnering with values-aligned organizations like Seacoast, Pye-Barker is in nearly every continental state.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast.”

Since 1976, under the oversight of H. David Haynes, Seacoast Security has built a strong reputation for excellence in the industry, specializing in integrated security systems, fire detection and alarms, CCTV and access control. Today’s owners, Stephen and Scott Haynes, started as technicians and have upheld their father’s commitment to prioritizing relationships with customers, team members and communities.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast Security,” said Seacoast Co-owner Scott Haynes. “We’re grateful to our loyal customers, 94 dedicated employees and trusted partners who have supported us throughout this journey, and we believe all will benefit from continued success and innovation under Pye-Barker’s leadership.”

“This new partnership will enhance the company’s growth and bolster our ability to continue offering high-quality security products and services,” added Co-owner Stephen Haynes. “We are confident that Pye-Barker shares our values and will continue to build on the strong foundation we have established.”

“Pye-Barker is committed to honoring the legacies of the owners and families who choose to join us,” said Pye-Barker CEO Bart Proctor. “Together, we are stronger in our shared goals to serve our communities with pride, provide for our teams and protect our communities.”

Seacoast’s highly qualified team will continue to serve customers in New England, delivering the same quality service and dependability.

In the transaction, Barry Epstein of Vertex Capital represented Seacoast, and Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 230 locations and 7,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Visit pyebarkerfs.com/acquisitions to learn why we’re the industry’s acquirer of choice.

Contact:
Eric Garner
Chief Business Development Officer
801.395.8738
eric.garner@pyebarkerfs.com

Media:
Alycia Volpe
media@pyebarkerfs.com 

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SOURCE Pye-Barker Fire & Safety

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