Plume Launches FACTOR Vault for On-Chain Credit
RWA Signal Insight
Private CreditPlume has launched FACTOR, a new yield-generating vault designed to bring real-world alternative assets on-chain for qualified investors. Developed in collaboration with Tradable and Deep Ocean Partners, the platform focuses on factoring, financing, and infrastructure opportunities. Tradable provides the necessary tokenization and marketplace infrastructure, while Deep Ocean Partners manages the private credit and originates the underlying assets. The vault utilizes short-duration, self-liquidating assets to generate monthly interest payouts in stablecoins. A built-in liquidity mechanism allows Deep Ocean Partners to repurchase vaulted positions via a warehouse facility, providing investors with an exit path. This initiative aims to democratize access to Net Working Capital (NWC) financing, a private credit segment previously restricted to institutional players. By bridging traditional private credit with blockchain technology, the project expands the utility of on-chain finance for crypto-native participants.
Key points
- Plume launched FACTOR vault for on-chain access to factoring and infrastructure private credit.
- Tradable provides tokenization infrastructure while Deep Ocean Partners manages asset origination.
- Vault structure features short-duration assets with monthly stablecoin interest payments.
- Integrated warehouse facility allows for liquidity through position repurchases by the manager.
Background
Plume is an open finance platform specifically engineered to facilitate the migration of real-world assets onto blockchain networks. It provides the infrastructure layer for protocols to tokenize assets, aiming to increase transparency and liquidity in traditionally opaque private credit markets.