Credbull launches high-yield private credit offering on Plume Network
Credbull, a blockchain-backed platform set on democratising access to the private credit market, has launched a liquid, high-yield product on real-world asset (RWA)-focused blockchain Plume Network.
The new offering, called LiquidStone, will have an initial asset capacity of $100m (£76m) that will be expanded to $500m next year.
The underlying assets are diversified across on-chain “high quality liquid assets”, collateralised on-chain lending and high-yield trade financing solutions underwritten by SME loan originators.
Read more: Hamilton Lane puts private credit fund on Solana blockchain
In addition to the returns, institutional and retail investors can earn rewards by using Plume’s platform.
“We are thrilled to deepen our partnership with Plume,” said Jason Dehni, chief executive of Credbull. “This expansion underscores our commitment to bringing innovative and high-quality private credit products to the DeFi space. By leveraging Plume’s network and its innovative approach to RWAfi, we offer our onchain structured finance solutions with enhanced efficiency and accessibility.”
Read more: Financial regulators team up to explore uses of tokenisation
Chris Yin, chief executive of Plume Network, said: “Plume was designed specifically to facilitate RWAfi with the real-world asset industry.
“Our goal is to simplify the onboarding process and enhance liquidity for all real-world assets. By partnering with Credbull, which introduces a high-quality and sought-after onchain private credit, we are furthering our mission to drive innovation and efficiency in the DeFi space while supporting the broader adoption of onchain funds through Centrifuge.”
Read more: Schroders Capital teams up with Hannover Re on tokenised ILS pilot
