Austin, Texas / USA, May 29, 2024, Chainwire
Centrifuge, the online real-world tokenized asset platform, today announced Credbull as the latest asset manager to tokenize and launch a private credit fund on Centrifuge. Credbull will be available to investors in the Plume ecosystem.
Plume announced an initial allocation of $10 million in a private credit fund. The investment comes from the Plume network of offchain institutional investors. At a time when tokenized treasuries are taking over the shares and portfolios of cryptocurrency investors, this development is creating an significant momentum by enabling up-to-date investors to take advantage of the rapidly growing asset class in the real world.
Credbull provides a unique non-correlated return investment route by allocating capital to established SME originators as part of an overall capital preservation strategy. Licensed Credbull prioritizes investor protection and transparency, providing clear oversight of capital deployment and fund performance as part of its commitment to decentralization.
“We are excited to work with Plume and Centrifuge to realize our shared vision of advancing the evolution of real-world assets. By providing investors with a broader set of uncorrelated and diversified DeFi solutions, we will provide greater access to private credit income products, real-time transparency and broader market liquidity,” said Jason Dehni, co-founder and CEO of Credbull.
Plume is a liquidity provider and modular Layer 2 blockchain that makes it effortless to invest and trade high-quality real-world assets. Plume creates a profitable and secure ecosystem for RWAs, composable tokens, and increased liquidity for all tokenized RWAs.
“Plume was designed specifically to support the institutional adoption of a true asset industry. We are focused on creating a seamless onboarding process that enables users to enter the ecosystem and increase liquidity across all RWA assets. Centrifuge streamlines the process of launching onchain funds, and Credbull introduces a new high-quality asset class into the ecosystem that is in high demand,” said Chris Yin, CEO of Plume Network.
Following the launch of its onchain fund management platform in March, Centrifuge continues to deploy lending funds to public blockchains. Centrifuge serves as a gateway to onchain liquidity while providing a first-class experience with a comprehensive and intuitive fund management platform.
“We are excited to welcome Credbull as the latest asset manager to tokenize its fund on Centrifuge, streamlining back-end operations, increasing transparency and access to liquidity directly on Plume,” said Centrifuge co-founder Lucas Vogelsang.
This news follows continued TVL growth by Anemoy, an internet-native asset management company, in its funds launched on Centrifuge.
About the centrifuge
Founded in 2017, Centrifuge creates better technology for financial products. Centrifuge provides asset managers with a way to tokenize, manage and distribute funds on-chain, and investors with better access to a diversified portfolio of high-quality tokenized assets.
About Credbull
Founded by a robust team of DeFi and TradFi veterans, Credbull recently launched the first licensed private DeFi credit fund offering unprecedented, chain-agnostic access to real-world assets. The fund’s decentralized structure provides real-time transparency, risk management and off-chain capital allocation. Additionally, Credbull provides other differentiated solutions such as Credbull Pro and Credbull Earn, helping institutional asset managers, cryptocurrency platforms and DAO treasuries enter the rapidly growing RWA space.
About the Plume network
Plume is the first modular L2 blockchain dedicated to all real world assets (RWA) that integrates asset tokenization and compliance providers directly onto the chain. Our mission is to simplify the elaborate processes of implementing RWA projects and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. Additionally, Plume enables RWA composition through flourishing DeFi applications and provides access to high-quality buyers to boost liquidity of all tokenized RWAs.
For media inquiries, users may contact Tiffany Lung at tiffany(at)plumenetwork(dot)xyz.
CommunicationCEOChris YinPlume Networkchris@plumenetwork.xyzCMOTiffany LungPlume Networktiffany@plumenetwork.xyz
