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Website

Plasma (XPL)

ICO
Upcoming
Token sale: Jun 09, 2025 – Jun 09, 2025

Plasma is a high-throughput, zero-fee payment platform built on Bitcoin. It enables USD₮ transfers without fees and supports over 1,000 transactions per second, leveraging Bitcoin’s security.

Series A Round: $20.5M

Funding Round: $3.5M

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Overview

Project industryFinance Services & Banking / DeFi
Project ecosystemBitcoin Ecosystem
Product typePlatform
FoundedUnited States

What is Plasma

Plasma is a high-performance, scalable, and secure blockchain purpose-built for stablecoins. Traditional blockchains were designed long before stablecoins existed or gained traction. Today, stablecoins have over $225 billion in supply and see trillions of dollars transferred monthly, making them one of crypto’s most critical use cases. However, current blockchains face significant obstacles for stablecoins, such as high transaction fees, centralization issues, high transaction failure rates, and a lack of specialized features required to support stablecoins from first principles.

With backing from Bitfinex/USDT0, Plasma is engineered from the ground up to meet the unique needs of stablecoins. Our team brings together expertise in software engineering at Apple and Microsoft, high-frequency trading at Goldman Sachs, distributed systems research at Imperial College London and Los Alamos National Lab, and hands-on experience building some of the largest stablecoins and blockchains.

Details

Public sales: Jun 09, 2025 - Jun 09, 2025
Hard cap: 50,000,000 USD
Raised: 24,000,000 USD

Legal

Registration year: 2024

Token info

Ticker: XPL
Type: Utility-token
Accepted currencies: USDT, USDC, USDS, or DAI into the Plasma Vault on Ethereum mainnet

Plasma Roadmap

1
Mainnet Beta

For the initial launch, Plasma will deploy its core components: the PlasmaBFT Consensus Protocol, rigorously optimized for high throughput and low latency, and a fully EVM-compatible execution layer that supports existing smart contracts. This phase establishes a stable foundation for early integration with stablecoin issuers, onramp providers, liquidity providers, banking-as-a-service platforms, fintechs, and other key partners.

2
Bitcoin Bridge and Settlement

Following the mainnet beta, we will implement the Plasma native, trust-minimized Bitcoin Bridge and settlement mechanism. This phase will deploy a bridge that anchors Plasma state differences to Bitcoin, ensuring seamless access to Bitcoin liquidity and robust interoperability between Plasma and Bitcoin.

3
Core Feature Enhancements and Performance Improvements

Once the fundamental components are stable, our focus will shift to shipping Plasma’s core stablecoin features—including custom gas tokens, zero-fee USDT transfers, and confidential transactions—while optimizing performance, usability, and network efficiency. This phase will address the technical challenges of stablecoin payments, such as throughput, latency, and specialized feature development.

4
Native Tooling and Infrastructure

Next, we will build and release native developer tooling and infrastructure specifically for stablecoins. This phase will deliver comprehensive APIs, SDKs, and management tools that facilitate seamless wallet and onramp integration, empowering developers and financial institutions to fully utilize Plasma’s stablecoin-first architecture.

Project team

Paul Faecks
Paul Faecks
CEO, Co-Founder
Paul Faecks linkedin
Lucid
Lucid
COO
Lucid twitter
Nathan Lenga
Nathan Lenga
Head of Growth
Nathan Lenga linkedin
Vincent Rong
Vincent Rong
Head of Ecosystem
Vincent Rong linkedin
Hans Walter Behrens
Hans Walter Behrens
Chief Technology Officer
Hans Walter Behrens linkedin
Rick Morrow
Rick Morrow
Senior DevOps Engineer
Rick Morrow linkedin
Edmundo Lopez Bobeda
Edmundo Lopez Bobeda
Staff Blockchain Engineer
Edmundo Lopez Bobeda linkedin
Tobias Vicenti
Tobias Vicenti
Software Engineer
Tobias Vicenti linkedin
Karim A.
Karim A.
Principal Protocol Engineer
Karim A. linkedin
Alexsander Falcucci
Alexsander Falcucci
Rust Software Engineer
Alexsander Falcucci linkedin
Fernando Torterolo
Fernando Torterolo
Software Engineer
Fernando Torterolo linkedin
Dimitris Zervas
Dimitris Zervas
Senior DevOps Engineer
Dimitris Zervas linkedin

Social media

Plasma web-sitePlasma LinkedInPlasma X (Twitter)Plasma Discord

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