Ah, darlings! Plume has decided to join forces with Goldfinch, and what a delightful pairing it is! They’re off to expand the rather dreary world of real-world asset finance by whisking several private credit funds onto the blockchain. How positively thrilling! 🎩✨
Now, Plume, that charming layer 1 modular blockchain, is all set to offer institutional investors a taste of the crème de la crème of private credit funds on Nest, their RWA staking platform. And with Goldfinch, the leading platform for onchain private credit, it’s a match made in financial heaven! 💰💃
Goldfinch and Plume are practically rubbing their hands together in glee, eyeing the opportunity to sprinkle some sustainable yield magic onto Nest users. This delightful bounty will be available through Goldfinch Prime’s suite of private credit products, courtesy of illustrious alternative asset managers like Apollo, Golub, Aries, and Stellus. Quite the lineup, wouldn’t you say? 🌟
Collectively, these firms manage a staggering $1 trillion in assets. Yes, you heard that right! A trillion! That’s more zeros than I have in my bank account after a particularly extravagant soirée. 🤑
Plume will be streaming yield from Goldfinch Prime, which employs some rather clever rails to subscribe to funds that are then streamed onchain. It’s all very high-tech and rather impressive, if I do say so myself!
“This partnership shows how we can leverage Plume’s infrastructure to turn previously inaccessible investment opportunities into fully permissionless and composable assets,” declared Teddy Pornprinya, co-founder and chief business officer of Plume. Quite the mouthful, Teddy! Bravo! 👏
According to our dear Teddy, this collaboration isn’t merely about dragging traditional finance products onto the blockchain. Oh no! The aim is to democratize access, flipping these products into something useful for our beloved crypto-natives. How very altruistic! 🌍❤️
For Nest users, Goldfinch’s partnership will enhance its staking offerings by infusing a touch of institutional-grade private credit. While private credit funds have traditionally been as exclusive as a members-only club, Nest vaults are turning them into permissionless and liquid assets. Now, anyone on the Plume blockchain can join the investment party! 🎉
Plume’s latest partnership is just one of many in recent months, all aimed at accelerating tokenization across the alternative asset market. It’s like a financial revolution, darling!
In addition to partnerships with Ondo Finance, Superstate, and Music Protocol, Plume has recently snagged a major strategic investment from YZi Labs. Yes, formerly known as Binance Labs, led by the ever-charismatic Changpeng ‘CZ’ Zhao, who announced his investment in Plume on March 17. How very exciting! 🎊
The L1 raised a rather impressive $20 million in a series A round back in December 2024, with backing from the likes of Brevan Howard Digital, Galaxy Ventures, and Haun Ventures. Quite the financial soirée, wouldn’t you agree? 🥂
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2025-03-20 23:37