Credbull and Plume jointly launched LiquidStone and $500 million in RWA assets. The total value of RWA assets launched by Plume has reached $1.25 billion.

CN
2 months ago

Plume Network is known for its advanced tokenization solutions and seamless integration, and it will become the exclusive launch platform for new Credbull on-chain fund products, driving innovation and financial inclusion in RWAfi.

Focusing on RWAFi, the crypto-native blockchain Plume today announced an expansion of its strategic partnership with Credbull, a DeFi platform dedicated to the on-chain tokenization of real-world assets (RWA), aimed at providing investors with access to the private credit market through transparent and decentralized means. As a significant development in the DeFi space, Credbull and Plume are excited to announce the launch of LiquidStone, a customized liquidity and high-yield solution available exclusively on the Plume Network. So far, Plume Network has announced plans to tokenize approximately $1.25 billion in real-world assets, providing holders with opportunities to earn yields in the process, with the ultimate goal of tokenizing $3 billion in assets.

Following the initial announcement in May to integrate high-quality assets into the Plume ecosystem, the collaboration between Credbull, Plume, and Centrifuge has now escalated, including significant financial business expansion and a range of new products.

Credbull is launching this expansion with an asset scale of $100 million. LiquidStone will introduce a 30-day 10% annualized product, featuring daily redemption of assets and yields. Subsequently, the company plans to launch a broader range of products in the first quarter of 2025, such as a 90-day 15% annualized product with monthly yield distributions, ultimately expanding the asset scale to $500 million. The underlying asset structure of LiquidStone is diversified, covering on-chain high-quality liquid assets (HQLA), collateralized on-chain lending, and high-yield financing solutions underwritten by leading small and medium-sized enterprise sponsors.

In addition to highly competitive risk-controlled high yields and liquidity features, Credbull also offers unique rewards tailored specifically for Plume's RWAfi ecosystem. These rewards will be aimed at institutional users and retail investors, further enhancing the attractiveness of investment opportunities on Plume.

Credbull CEO Jason Dehni stated, "We are excited to deepen our collaboration with Plume. This expansion underscores our commitment to bringing innovation and high-quality private credit products into the DeFi space. By leveraging Plume's network and its innovative approach to RWAfi, we can provide more efficient and accessible on-chain structured financing solutions."

Plume Network CEO Chris Yin remarked, "Plume was designed to facilitate collaboration between RWAfi and the real-world asset industry. Our goal is to simplify the on-chain process and enhance the liquidity of all real-world assets. By partnering with Credbull to introduce high-quality, sought-after on-chain private credit, we are further advancing our mission to drive innovation and efficiency in the DeFi space while promoting broader adoption of on-chain funds through Centrifuge."

Plume Network is known for its advanced tokenization solutions and seamless integration, and it will become the exclusive launch platform for new Credbull on-chain fund products, driving innovation and financial inclusion in RWAfi.

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