Credbull and Plume jointly launch LiquidStone and $500 million in RWA assets, bringing the total value of RWA assets launched by Plume to $1.25 billion
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Credbull and Plume jointly launch LiquidStone and $500 million in RWA assets, bringing the total value of RWA assets launched by Plume to $1.25 billion
Plume Network, known for its advanced tokenization solutions and seamless integration, will serve as the exclusive launchpad for Credbull's new on-chain fund product, driving innovation in RWAfi and financial inclusion.
Navigating Web3 tides with focused insightsPlume, a crypto-native blockchain focused on RWAFi, today announced the expansion of its strategic partnership with Credbull, a DeFi platform specializing in tokenizing real-world assets (RWA) to provide investors transparent and decentralized access to private credit markets. As a significant 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. To date, Plume Network has announced plans to tokenize approximately $1.25 billion in total real-world asset value, offering yield opportunities for holders, with the goal of ultimately tokenizing $3 billion in assets.
Following the initial announcement in May outlining plans to integrate premium assets into the Plume ecosystem, the collaboration among Credbull, Plume, and Centrifuge has now been elevated to include major financial expansions and a suite of new products.
Credbull is launching this expansion with $100 million in assets under management. LiquidStone will initially offer a 10% annualized product with a 30-day term, featuring daily redemption for both principal and yield. Subsequently, the company plans to roll out a broader product suite in Q1 2025, including a 15% annualized product with a 90-day term and monthly yield distributions, aiming to scale assets under management to $500 million. The underlying assets of LiquidStone are diversified, encompassing on-chain high-quality liquid assets (HQLA), collateralized on-chain lending, and high-yield financing solutions underwritten by leading small and medium enterprise sponsors.
In addition to highly competitive, risk-managed yields and liquidity features, Credbull offers unique rewards tailored specifically for Plume’s RWAfi ecosystem. These incentives will be available to both institutional and retail users, further enhancing the attractiveness of investment opportunities on Plume.
Jason Dehni, CEO of Credbull, said: “We are excited to deepen our collaboration with Plume. This expansion reflects our commitment to innovation and bringing high-quality private credit products into the DeFi space. By leveraging Plume’s network and its innovative approach to RWAfi, we can deliver more efficient and accessible structured on-chain financing solutions.”
Chris Yin, CEO of Plume Network, said: “Plume was built to foster collaboration between RWAFi and the real-world asset industry. Our mission is to streamline the process of moving assets on-chain and enhance liquidity for all real-world assets. By partnering with Credbull to bring high-quality, in-demand private credit on-chain, we are advancing our vision of driving innovation and efficiency in DeFi, while promoting broader adoption of on-chain funds through Centrifuge.”
Known for its advanced tokenization solutions and seamless integration capabilities, Plume Network will serve as the exclusive launchpad for Credbull’s new on-chain fund offerings, accelerating innovation and financial inclusivity within the RWAfi ecosystem.
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