Plasma
PrivateLast Round
Token Sale
Jul 28, 2025
Est. Valuation
$500M
Total Funding Raised
$528M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Plasma is a financial software company that has developed a Layer 1 blockchain platform purpose-built for global stablecoin payments, offering features like zero-fee USDT transfers and custom gas tokens.
Sector
Crypto & Web3
Verticals
DeFi, Stablecoins, Blockchain Infrastructure
Business Model
B2B
Customer Profile
Usage-Based SaaS, Payment Processing Fee, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Plasma Comparables
Compare Plasma with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Ethena Labs | 77% | |
| Anchorage Digital | 73% | |
| Avara | 71% |
Plasma Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Token Sale | Jul 28, 2025 | ||||
| Strategic | May 22, 2025 | ||||
| Series A | Feb 13, 2025 | ||||
| Seed | Oct 18, 2024 | ||||
| Seed | Feb 21, 2024 |
Key People
Founding team and executive leadership
Plasma Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Nomura Securities | Series A |
| Cumberland DRW | Series A |
| Founders Fund | Series A, Strategic |
| DRW Trading Group | Series A |
| Cumberland (DRW) | Series A |
| IMC | Series A |
| Karatage | Seed, Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 24, 2026
Grew 20% QoQ, from 41 to 49 employees.
- Dec 23, 2025
Grew 45% QoQ, from 33 to 48 employees.
Recent news
Latest coverage and updates
- is_developingOct 15, 2026
Plasma plans to move to Stripe’s card infrastructure and develop multi-currency stablecoin cards, with direct euro spending among the capabilities under development.
- receives_financingAug 15, 2026
Plasma received financing of $373M in token sale on Aug 15th '26.
Plasma Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Plasma's valuation, stock price, and market status.
Is Plasma a public or private company?
Plasma is a private company.
What is the current stock price of Plasma?
Plasma is a private company, so its shares have no public market price. Caplight tracks Plasma's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Plasma worth (valuation)?
Plasma's valuation is estimated at $500.0M based on funding round data.
Can I buy Plasma stock?
Plasma shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Plasma's last funding round?
Plasma's most recent funding round was Token Sale on July 28, 2025.
Who are the main investors in Plasma?
Key investors in Plasma include Founders Fund, Framework Ventures, Framework Ventures.
Will Plasma IPO soon?
No public IPO plans have been announced for Plasma.
How can I track Plasma secondary market activity?
Caplight tracks bids, offers, and trades in Plasma's shares on secondary markets.