San Francisco, CA, USA, September 11, 2024, Chainwire
Plume Network, the first modular EVM chain designed to bring any real-world asset (RWA) on-chain, is proud to launch the Allegiance Oil & Gas family of companies’ Mineral Vault Fund (“Mineral Vault”) on Plume, which holds over $1 trillion in assets under management (AUM). This implementation simplifies the complexities of mineral interest management while opening up new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi infrastructure, users of both Plume and Mineral Vault will benefit from increased liquidity, streamlined portfolio management processes, and enhanced transparency.
“Our partnership with Mineral Vault and Allegiance Oil & Gas represents a major step forward in reshaping the way the energy industry manages assets,” said Chris Yin, CEO and co-founder of Plume. “Plume is committed to creating an ecosystem and technologies that simplify and incentivize investors and institutions across all industries to create new capital, starting with oil and gas, which contains one of the most lucrative and long-traded commodities.”
Background on Mineral Vault
The United States is the only country that allows for mass private ownership of mineral interests, which historically limited global investment to US investors. However, the introduction of Mineral Vault tokenization opens up this lucrative asset class to investors around the world. This innovation simplifies global access to mineral interests, avoiding the complexities of traditional assets and the volatility of cryptocurrencies.
Mineral interests, unlike speculative cryptocurrencies, are tied to commodities and offer stability and diversification. The launch of Mineral Vault represents a significant opportunity to diversify into RWA and enter the emerging on-chain commodities market, which currently has limited options.
Tokenizing mineral interests provides a stable investment, offering financial exposure to resource production such as gold, silver, coal, and primarily in the US.
Why Plume is the perfect fit for Mineral Vault
Allegiance Oil & Gas selected Plume Network for this initiative due to its robust and scalable RWAfi infrastructure, specifically designed to support RWA tokenization and governance from a crypto-first approach integrated into a TradFi framework. Plume’s platform streamlines the end-to-end tokenization process from compliance functions, digital asset deployment, and a cohesive RWAfi ecosystem.
“We are thrilled to partner with Plume Network on the launch of Mineral Vault. Plume’s cutting-edge technology and modular infrastructure align perfectly with our vision of revolutionizing mineral interest management. This collaboration will not only improve liquidity and transparency, but will also expand investment access to a global audience, setting a new industry standard.” Blake Morgan, CEO of Mineral Vault.
By offering access to a broader range of investors, the Plume Network enables greater market participation and increased liquidity. This democratization of investment opportunities aligns with Plume’s long-term vision of leading the tokenization of real-world assets and transforming the way these assets are managed and traded through RWAfi.
About Mineral Vault
Mineral Vault is the first attempt at tokenizing mineral interests, created by the principals of the Allegiance Oil & Gas family of companies, which has over $1 billion in assets under management and specializes in high-quality investment opportunities in the mineral rights sector. The Mineral Vault I token represents a pioneering effort to leverage Plume’s RWAfi infrastructure for the tokenization of mineral interests, offering global investors a secure and transparent way to invest in this valuable asset class.
About Plume Network
Plume is the first modular real-world finance (RWAfi) blockchain dedicated to all RWAs that integrates tokenization and compliance providers directly on-chain. Its mission is to simplify the complicated implementation processes of RWA projects and offer investors a blockchain ecosystem to cross-pollinate and invest in multiple RWAfi. Additionally, Plume enables RWAfi composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs. Users can learn more on its website and social media: https://linktr.ee/plume_network.
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This article was originally published on Chainwire
