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Plume debuts tokenized âMineral Vaultâ amid hunger for RWA yield, CEO says #CEOBitcoin
According to Chris Yin, investor demand for RWAs is moving âupstreamâ from tokenized treasury bills to private alternative assets.Â
Plume Network, a blockchain specializing in real-world assets (RWA), is launching a tokenized âMineral Vaultâ amid strong demand for high-yielding private assets onchain, Chris Yin, Plumeâs CEO, told Cointelegraph on Sept. 9.Â
Created by asset manager Allegiance Oil & Gas, the Mineral Vault represents tokenized mineral interests, a form of real estate that earns royalty revenues from natural resource extraction and sales.Â
The Vault aims to provide âfinancial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gasâ in the United States, Plume said in a statement shared with Cointelegraph.
Tokenized RWAs currently command nearly $12 billion in total value locked (TVL), according to RWA.xyz. They may eventually represent a $30-trillion market opportunity globally, Colin Butler, Polygonâs global head of institutional capital, told Cointelegraph in August
If you look at [RWA] adoption itâs very clear there is a specific area that is the fastest growing â yield-bearing assets,â Yin said.
The highest-TVL RWAs include tokenized US treasury bills and money funds, such as BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX). According to RWA.xyz, the funds hold approximately $514 million and $443 million in TVL, respectively.
Lately, âweâve seen an increased demand in accessing more private, liquid assets like mineral interests (that are traditionally very difficult to access) as the yields are upward of 10%+, paid out in stablecoins,â Yin said.
â[T]he natural evolution is to go slightly upstream where the products have a very similar look and feel, but now provide some extra yield on top,â he added.Â
Plume seeks to develop an RWA-centric ecosystemâdubbed RWAfiâaimed at âimbuing real-world assets.
According to Chris Yin, investor demand for RWAs is moving âupstreamâ from tokenized treasury bills to private alternative assets.Â
Plume Network, a blockchain specializing in real-world assets (RWA), is launching a tokenized âMineral Vaultâ amid strong demand for high-yielding private assets onchain, Chris Yin, Plumeâs CEO, told Cointelegraph on Sept. 9.Â
Created by asset manager Allegiance Oil & Gas, the Mineral Vault represents tokenized mineral interests, a form of real estate that earns royalty revenues from natural resource extraction and sales.Â
The Vault aims to provide âfinancial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gasâ in the United States, Plume said in a statement shared with Cointelegraph.
Tokenized RWAs currently command nearly $12 billion in total value locked (TVL), according to RWA.xyz. They may eventually represent a $30-trillion market opportunity globally, Colin Butler, Polygonâs global head of institutional capital, told Cointelegraph in August
If you look at [RWA] adoption itâs very clear there is a specific area that is the fastest growing â yield-bearing assets,â Yin said.
The highest-TVL RWAs include tokenized US treasury bills and money funds, such as BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX). According to RWA.xyz, the funds hold approximately $514 million and $443 million in TVL, respectively.
Lately, âweâve seen an increased demand in accessing more private, liquid assets like mineral interests (that are traditionally very difficult to access) as the yields are upward of 10%+, paid out in stablecoins,â Yin said.
â[T]he natural evolution is to go slightly upstream where the products have a very similar look and feel, but now provide some extra yield on top,â he added.Â
Plume seeks to develop an RWA-centric ecosystemâdubbed RWAfiâaimed at âimbuing real-world assets.
