Crypto platform Credbull is launching a new fixed yield credit facility called LiquidStone on the Plume Network, a real-world asset-focused blockchain. The facility will have a capacity of up to $500 million and will offer fixed yields to investors from high-quality liquid assets collateralized on-chain lending and trade financing. Initially, the product will have a fixed 30-day 10% annualized yield, with plans to expand to a 90-day fixed yield of 15% annualized in the first quarter of 2025. Retail and institutional investors can also earn rewards for participating in the Plume ecosystem. The private credit market on the blockchain is currently valued at $9 billion, according to rwa.xyz.
- Content Editor ( coindesk.com )
- 2024-10-03
RWA Platform Credbull Rolls Out Up to $500M Private Credit Fund with Fixed High Yield on Plume Network