Credbull Marks the Latest Asset Manager to Tokenize, Structure and Distribute a Fund Fully Onchain

0
167

 ​

Austin, Texas / USA, May 29th, 2024, Chainwire

Centrifuge, the platform for tokenized real-world assets onchain, 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 $10M in the private credit fund. The investment comes from Plume’s network of offchain institutional investors. In a time when tokenized treasuries are capturing crypto investor mindshare and wallets, this development creates important momentum in enabling new investors to embrace the rapidly evolving real world asset class.

Credbull provides a unique investment avenue with uncorrelated and yields, allocating capital to established SME originators in an overall capital preservation strategy. Operated within a licensed framework, Credbull prioritizes investor protection and transparency, ensuring clear oversight of capital deployment and fund performance as part of its commitment to decentralization.

“We’re 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, we will drive greater access to private credit yield products, real-time transparency and broader market liquidity,” said Jason Dehni, co-founder & CEO of Credbull.

Plume is a liquidity provider and modular layer 2 blockchain that facilitates the investment and trading of high-quality real-world assets. Plume creates a cost-effective and secure ecosystem for RWAs, composable tokens, and increased liquidity for all tokenized RWAs.

“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 onchain funds and Credbull brings a high-quality, high-demand new asset class to the ecosystem,” said Chris Yin, CEO of Plume Network.

After launching its onchain fund management platform in March, Centrifuge continues to onboard credit funds to public blockchains. Centrifuge serves as a gateway to onchain liquidity, while creating a first-class experience thanks to its comprehensive and intuitive fund management platform.

“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.

This news follows consistent TVL growth by Anemoy, a web3 native asset manager, in their funds launched on Centrifuge.

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 onchain and investors better access to a diversified portfolio of high-quality tokenized assets.

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 Credbull Earn, helping institutional asset managers, crypto platforms and DAO treasuries enter the rapidly evolving RWA space.

About Plume Network

Plume is the first modular L2 blockchain dedicated for 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.

For media inquiries, users can contact Tiffany Lung at tiffany(at)plumenetwork(dot)xyz.

ContactsCEOChris YinPlume Networkchris@plumenetwork.xyzCMOTiffany LungPlume Networktiffany@plumenetwork.xyz

This article was originally published on Chainwire

 

Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.

LEAVE A REPLY

Please enter your comment!
Please enter your name here