Plume Network has announced ambitious plans to tokenize $1.25 billion in real-world assets (RWAs), offering users the potential to access high-yield investments traditionally unavailable to most. The tokenized assets will include solar farms, private credit, Medicaid-backed bills, and mineral rights. The long-term goal is to tokenize $3 billion worth of assets.
Chris Yin, co-founder and CEO of Plume Network, emphasized the unique opportunity for investors to access high-yield assets such as solar energy and private credit. The network will tokenize $500 million in Credbull private credit, $300 million in solar farms and mineral rights, and $120 million in Medicaid-backed bills.
Akul Penugonda, CEO of Medex, highlighted that tokenizing Medicaid bills will address liquidity challenges faced by healthcare providers, while Projective Finance CEO Josh Chinnaswamy noted that this initiative could help lower financial barriers in the solar industry.
Yin also shared that token holders can either invest in individual assets or pool them into indices for diversified exposure. Beyond tokenizing RWAs, Plume aims to build a decentralized finance (DeFi) ecosystem allowing users to trade, borrow, lend, and explore profit opportunities.
Launched in early 2024, Plume Network has already raised $10 million in a seed round led by Haun Ventures, with participation from notable firms such as Galaxy Ventures, Superscrypt, and Reciprocal Ventures. Currently in testnet, the platform is set for an official launch later this year.
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