Credbulll, an on-chain private credit marketplace, and Plume have launched LiquidStone, a Plume Network-exclusive line of liquid high yield products.
LiquidStone’s asset structure will be diversified across high yielding trade finance options, collateralized on-chain loans, and on-chain liquid assets, per Credbull’s press release.
Credbull will start the expansion with an asset capacity of $100 million for the first phase of the launch. It will also offer a 30-day 10% annual percentage yield product with redemption features.
The asset capacity is eventually increased to $500 million with the subsequent deployment of a 90-Day 15% APY product with monthly APY payout in the first quarter of 2025.
The foundation of LiquidStone is the original intent of Credbull, Plume, and Centrifuge to include additional high-quality assets in the Plume ecosystem.
According to Credbull CEO Jason Dehni, the company’s dedication to offering “innovative and high-quality private credit products to the DeFi space” is reflected in the expansion. Dehni said:
By leveraging Plume’s network and its innovative approach to RWAfi, we offer our on-chain structured finance solutions with enhanced efficiency and accessibility”
Credbull will also provide prizes that are especially made to fit Plume’s RWAfi ecosystem. LiquidStone will have a dedicated venue on Plume’s platform.
According to Chris Yin, CEO of Plume Network, Plume’s ecosystem was designed to support RWAfi. The goal of the blockchain is to improve liquidity and simplify the real asset market. Yin said:
We are furthering our mission to drive innovation and efficiency in the DeFi space while supporting the broader adoption of on-chain funds through Centrifuge”
In a May 2024 interview, Jason Dehni of Credbull stated that he thinks RWA tokenization is a “transformative force.”
He continued by saying that asset tokenization has the power to drastically change the state of the world economy, lessen economic inequality, and remove obstacles to investment.
In addition, he says RWA can provide access to assets that are currently unavailable, which will help those who reside in developing nations.
