Credbull is the latest asset manager to tokenize, structure and distribute a fully on-chain fund by Chainwire


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

Centrifuge, the platform for on-chain real-world tokenized assets, 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 $10 million into the private credit fund. The investment comes from Plume's network of off-chain institutional investors. At a time when tokenized Treasuries are capturing the mindset and wallets of crypto investors, this development creates significant momentum to enable new investors to embrace the rapidly evolving real-world asset class.

Credbull offers a unique investment avenue with uncorrelated returns, allocating capital to established SMEs 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 are 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 diversified, uncorrelated DeFi solutions, we will drive greater access to private credit performance products, real-time transparency, and broader market liquidity,” said Jason Dehni, co-founder and CEO of Credbull.

Plume is a liquidity provider and modular layer 2 blockchain that facilitates investing and trading high-quality real-world assets. Plume creates a secure and profitable ecosystem for RWA, composable tokens and increased liquidity for all tokenized RWA.

“Plume was created specifically to support the industry's institutional adoption of real-world assets. We are focused on creating a seamless onboarding process for users to enter the ecosystem and increase the liquidity of all RWAs. Centrifuge streamlines the process of launching on-chain funds and Credbull brings a new high-quality, high-demand asset class to the ecosystem,” said Chris Yin, CEO of Plume Network.

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

“We are excited to welcome Credbull as the latest asset manager to tokenize its fund on Centrifuge – streamlining back office operations, increasing transparency and accessing liquidity directly on Plume,” said Centrifuge co-founder Lucas Vogelsang.

This news follows continued TVL growth by Anemoy, a web3 native asset manager, across its funds launched on Centrifuge.

About centrifuge

Founded in 2017, Centrifuge creates better technology for financial products. Centrifuge provides asset managers with a way to tokenize, manage and distribute their funds on-chain and investors with 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 the first DeFi-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 capital allocation off-chain. Additionally, Credbull offers other diversified solutions, such as Credbull Pro and Credbull Earn, that help institutional asset managers, crypto platforms, and DAO treasuries enter the rapidly evolving RWA space.

About the Plume Network

Plume is the first modular L2 blockchain dedicated to all real-world assets (RWA) that integrates asset tokenization and compliance providers directly into the chain. Our mission is to simplify the complicated RWA project implementation processes and offer investors a blockchain ecosystem to cross-pollinate and invest in multiple RWAs. Additionally, Plume enables composability of RWA through its thriving DeFi applications and provides access to high-quality buyers to increase the liquidity of all tokenized RWA.

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

ContactsCEOChris Yinplume net[email protected]marketing directorTiffany Lungplume net[email protected]

This article was originally published on Chainwire.



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