Credbull Receives $10M from Plume to Tokenize Fund on Centrifuge
Credbull’s
first
licensed
on-chain
private
credit
fund
will
be
tokenized
on Centrifuge,
and
distributed
via
the Plume ecosystem
–
which
will
provide
$10M
in
liquidity
to
the
fund.
In a
pivotal
advance
for
the
evolution
of
the
real-world
asset
industry,
recently
reported
to
have
reached $8b
in
TVL by
Messari,
the
trio
will
offer
high-quality
and
differentiated
RWA
access
to institutional
asset
managers,
crypto
platforms,
and
DAO
treasuries,
leading
the
movement
towards
the
maturity
of
DeFi
markets.
With DeFi
Llama illustrating
exponential
growth
for
the
RWA
market
in
2023
–
rising
from
$763
million
to
$5.5
billion
–
the
partnership
is
set
to
further
propel
the
momentum already
galvanized
by
the
likes
of
BlackRock
during
Q1.
In
offering
a
12-month
10%
fixed
yield
on
USDC
and
USDT,
coupled
with
a
30%
upside
of
fund
performance,
the
on-chain
solution
will
serve
a
wider
pool
of
investors
in
comparison
to
traditional
private
credit
funds
that
tend
to
reserve
exclusivity
to
institutions
and
high-net-worth
individuals
in
an
opaque
ecosystem.
Credbull’s
fully
decentralized
on-chain
structure
will
instead
provide
investors
with
real-time
transparency
of
strategy,
risk
management,
off-chain
capital
allocation,
and
fund
performance.
Jason
Dehni,
co-founder
&
CEO
of
Credbull,
said:
“We’re
incredibly
excited
to
collaborate
with
Plume
and
Centrifuge
to
realize
our
collective
vision
of
advancing
the
evolution
of
real-world
assets.
By
providing
investors
with
a
broader
set
of
non-correlated
and
diversified
DeFi
solutions,
this
collaboration
will
drive
greater
access
to
private
credit
high
fixed
yield
products,
real-time
transparency,
and
broader
market
liquidity.
In
uniting
in
common
values,
we
aim
to
create
exceptionally
high-quality
standards
for
the
RWA
space
in
Web3,
simultaneously
attracting
new
on-chain
capital.”
Credbull’s recent
introduction of
the
industry’s
first
licensed
on-chain
private
credit
fund,
an
institutional-grade
product
with
clear
investor
protections
and
top-quality
infrastructure,
quickly
caught
the
attention
of
Plume
Network.
Having this
year
announced a
road
map
to
foster
expansion
in
RWA
by
integrating
over
45
of
the
industry’s
leading
projects
on
its
L2
network,
Plume
will
allocate
$10M
to
Credbull’s
private
fund.
Formed
predominantly
from
Web2
capital,
this
will
aim
to
address
ever-present
concerns
over
fragmented
liquidity.
“Plume
was
purpose-built
to
support
institutional
adoption
of
the
real-world
asset
industry.
We’re
focused
on
creating
a
seamless
onboarding
process
for
users
to
onramp
into
the
ecosystem
and
boost
liquidity
for
all
RWAs.
Centrifuge
streamlines
the
process
of
launching
on-chain
funds
and
Credbull
brings
a
high-quality,
high-demand
new
asset
class
to
the
ecosystem,”
said
Chris
Yin,
CEO
of
Plume
Network.
Centrifuge,
an
on-chain
fund
management
platform
that
facilitates
pools
of tokenized
real-world
assets, will
tokenize
Credbull’s
fund
–
providing
impunity
against
the
traditionally
obfuscated
nature
of
private
credit
investment.
“We’re
excited
to
welcome
Credbull
as
the
latest
asset
manager
to
tokenize
their
fund
on
Centrifuge;
streamlining
back-office
operations,
increasing
transparency,
and
accessing
liquidity
directly
on
Plume,”
said
Centrifuge
Co-founder,
Lucas
Vogelsang. “The
partnership
represents
a
seamless
experience
for
investors
looking
to
get
access
to
high-quality
tokenized
assets
in
a
safe
and
compliant
way.”
About
Credbull
Founded
by
a
strong
team
of
DeFi
and
TradFi
veterans,
Credbull
recently
launched
DeFi’s
first
licensed
on-chain
private
credit
fund,
offering
unprecedented,
chain-agnostic
access
to
real-world
assets.
The
decentralized
fund
structure
offers
real-time
transparency,
risk
management,
and
all
off-chain
capital
allocation.
In
addition,
Credbull
provides
other
diversified
solutions
such
as
Credbull
Pro
and
inCredbull
Earn,
helping
institutional
asset
managers,
crypto
platforms
and
DAO
treasuries
enter
the
rapidly
evolving
RWA
space.
About
Centrifuge
Founded
in
2017,
Centrifuge,
creates
better
technology
for
financial
products.
Centrifuge
provides
asset
managers
a
way
to
tokenize,
manage
and
distribute
their
funds
on-chain
and
investors
better
access
to
a
diversified
portfolio
of
high-quality
tokenized
assets.
About
Plume
Network
Plume
is
the
first
modular
L2
blockchain
dedicated
to
all
real-world
assets
(RWAs)
that
integrates
asset
tokenization
and
compliance
providers
directly
into
the
chain.
Our
mission
is
to
simplify
the
convoluted
processes
of
RWA
project
deployment
and
offer
investors
a
blockchain
ecosystem
to
cross-pollinate
and
invest
in
various
RWAs.
In
addition,
Plume
enables
RWA
composability
through
its
thriving
DeFi
applications
and
provides
access
to
high-quality
buyers
to
increase
liquidity
for
all
tokenized
RWAs.
Credbull
[email protected]
Centrifuge
Bhaji
Illuminati
Plume
Network
Tiffany
Lung
PR
Contact
Disclaimer:
The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.
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