[PRESS RELEASE – New York, United States, January 3rd, 2025]
Plume Network, the primary full-stack modular layer-1 blockchain targeted on Actual World Asset Finance (RWAfi), is thrilled to announce a partnership with Purpose for Profit (PFP), the world’s first on-chain endowment and tokenized credit score fund devoted to offering below-market-rate loans to companies constructing high quality inexpensive housing. This collaboration marks a pivotal step in democratizing monetary alternatives whereas advancing sustainable and equitable improvement.
On the core of this partnership is a shared imaginative and prescient to leverage blockchain for better transparency, inclusivity, and affect. PFP’s revolutionary mannequin makes use of the blockchain to doc all loans disbursed, funds acquired, belongings below administration, and token actions—each onchain and offchain. By doing so, PFP ensures transparency for traders and stakeholders.
By PFP’s PURPOSE token, people can stake their method into affect investing by primarily taking a liquidity supplier place. Token holders can earn a portion of revenues from curiosity on loans repaid, all with out administration charges or penalties for early exits. This accessible mannequin empowers individuals to assist impactful ESG initiatives, beginning with inexpensive and mixed-income housing initiatives that present below-market-rate loans to companies.
“Plume Community is proud to assist Objective for Revenue of their efforts to merge blockchain innovation with significant, actual world affect,” stated Chris Yin, CEO and founding father of Plume. “This partnership is a testomony to the transformative potential of blockchain know-how when aligned with shared values of sustainability, fairness, and transparency.”
Collectively, Plume Community and Objective for Revenue intention to onboard over 1 million new individuals from sectors like actual property, building, non-profits, and philanthropy into Web3. This effort aligns with PFP’s mission to create a globally inclusive monetary neighborhood, mixing conventional cooperative ideas with progressive decentralization powered by blockchain.
“Plume Community’s structure is the inspiration for the following section of blockchain innovation, it permits options that can onboard the following wave of adopters. We’re excited to launch with Plume and convey RWA to the lots,” stated Elizabeth Kukka, CEO of Objective for Revenue.
This partnership reinforces Plume Community’s dedication to fostering actual world asset tokenization and creating a sturdy ecosystem for initiatives driving societal good. By integrating PFP into the Plume ecosystem, customers will acquire entry to tokenized affect investing alternatives and clear monetary mechanisms, seamlessly merging the ability of DeFi with tangible ESG outcomes.
About Objective for Revenue (PFP)
Objective for Revenue is the world’s first tokenized lending fund and on-chain endowment for ESG initiatives. Centered on inexpensive housing, PFP leverages blockchain to create a clear, inclusive, and progressive mannequin for affect investing.
Customers can study extra at https://purposeforprofit.com/
About Plume Community
Plume is the primary public blockchain purpose-built for RWAfi, enabling the fast adoption and demand-driven integration of actual world belongings. With 180+ initiatives constructing on the community, Plume presents a composable, EVM-compatible atmosphere for onboarding and managing numerous real-world belongings. Coupled with an end-to-end tokenization engine and a community of monetary infrastructure companions, Plume simplifies asset onboarding and permits seamless DeFi integration for RWAs so anybody can tokenize actual world belongings, distribute them globally, and make them helpful for native crypto customers.
Customers can study extra at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.
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