TechFlow reported on October 16 that, according to TheBlock, physical asset tokenization startup Plume Network announced users now have access to $100 million worth of solar assets through its partnership with Projective Finance. Users can earn returns from these solar assets by depositing crypto assets such as stablecoins. Plume Network plans to tokenize approximately $1.25 billion in physical assets by the fourth quarter, including mining rights and Medicaid receivables in addition to solar assets. Plume Network stated that these solar projects are developed for public schools, feature 100% contracted revenue and predictable costs, with expected returns ranging from 9% to 18%.
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