EZ Labs Announces Investment in Plume Network

Source
Son Min

Summary

  • EZ Labs announced that it has invested in Plume Network.
  • While detailed investment information was not disclosed, they stated that the investment aims to expand institutional onboarding.
  • Plume's price surged 18.06% after the investment announcement.

EZ Labs (formerly Binance Labs) has invested in Plume Network (PLUME).

On the 17th (local time), EZ Labs announced this through X. Detailed investment information was not disclosed.

EZ Labs said, "Plume is developing various real-world asset (RWA) onboarding and RWA finance (RWAfi) solutions," adding, "We hope this investment will drive onboarding of more institutions."

Plume, which is listed on the Korean exchange Bithumb, surged after the news broke. Plume, which was trading at around 231 won before the announcement, is currently trading at 255 won as of 10:13 PM, up 18.06% compared to the previous day.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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