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.
- Retail and institutional investors can earn rewards for participating in the Plume ecosystem.
- The underlying assets include collateralized on-chain lending and high-yield trade financing solutions.
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.
