Plume, a crypto-native blockchain focused on RWAFi, today announced the expansion of its strategic partnership with Credbull, a DeFi platform focused on on-chain tokenization of real-world assets (RWAs) that aims to provide investors with access to private credit markets in a transparent and decentralized manner. As a major development in the DeFi space, Credbull and Plume are pleased to announce the launch of LiquidStone, a customized liquidity and high-yield solution exclusively available on the Plume Network. So far, Plume Network has announced plans to tokenize a total of approximately $1.25 billion worth of real-world assets, providing holders with the opportunity to earn yield in the process, and Plume Network hopes to "ultimately" tokenize $3 billion worth of assets.
After first announcing plans in May to integrate premium assets into the Plume ecosystem, the collaboration between Credbull, Plume and Centrifuge has now been upgraded to include a significant financial expansion and a range of new products.
Credbull is launching this expansion with $100 million in assets. LiquidStone will launch a 30-day 10% annualized product with daily redemption of assets and income. The company will then launch a wider range of products in the first quarter of 2025, such as a 90-day 15% annualized product with monthly income distribution, and eventually expand the asset size to $500 million. LiquidStone's underlying asset structure is diversified, covering on-chain high-quality liquid assets (HQLA), collateralized on-chain lending, and high-yield financing solutions underwritten by leading SME sponsors.
In addition to its highly competitive risk-controlled high yield and liquidity features, Credbull also offers unique rewards tailored for Plume's RWAfi ecosystem. These rewards will be available to both institutional and retail users, further enhancing the attractiveness of investment opportunities on Plume.
“We are excited to deepen our partnership with Plume,” said Jason Dehni, CEO of Credbull. “This expansion demonstrates our commitment to bringing innovation and high-quality private credit products to the DeFi space. By leveraging Plume’s network and its innovative approach to RWAfi, we are able to provide more efficient and accessible on-chain structured finance solutions.”
Chris Yin, CEO of Plume Network, said: “Plume was designed from the ground up to facilitate the integration of RWAfi with the real-world asset industry. Our goal is to simplify the on-chain process and enhance liquidity for all real-world assets. By partnering with Credbull, who is introducing high-quality, highly sought-after on-chain private credit, we are furthering our mission to drive innovation and efficiency in the DeFi space while enabling broader adoption of on-chain funds through Centrifuge.”
Plume Network, known for its advanced tokenization solutions and seamless integrations, will be the exclusive launch venue for Credbull’s new on-chain fund product, driving innovation and financial inclusion for RWAfi.