\n"}
Decentralized credit platform Credbull introduced a fixed-yield credit facility up to $500 million in capacity, exclusively on Plume Network.
Author: Sahil Thakur
Written On: Fri, 04 Oct 2024 06:39:38 GMT
Decentralized private credit platform Credbull has introduced LiquidStone, a fixed-yield credit facility with up to $500 million in capacity, exclusively on Plume Network, a blockchain focused on real-world assets (RWA). In its first phase, the facility offers a 10% annualized yield over 30 days, with daily redemption options and an asset cap of $100 million. A larger rollout is expected in Q1 2025, increasing capacity to $500 million and a 15% annualized yield over 90 days.
Private credit has been at the forefront of RWA tokenization, enhancing transparency and accessibility by bringing traditional finance assets, like bonds and commodities, to blockchain platforms. The current blockchain-based private credit market is worth $9 billion but pales in comparison to the $2 trillion traditional private credit market. Credbull, led by CEO Jason Dehni, entered the market with its first fund on Polygon this year, regulated in the Bahamas. Meanwhile, Plume, an Ethereum-based layer-2 solution, specializes in RWA finance and has strong backing from investors like Galaxy and Haun.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Oraichain Launches $RACKS: First AI Agent on Agents.Land
Volatility Shares Files for Solana Futures ETFs
Clore AI Now Integrated With Tangem Wallet
Solana Co-Founder Accused of Diverting Ex-Wife’s Staking Rewards