Plume Network’s NOPAL Goes Live On Avalanche In 2026
Private Credit
Plume Network has officially launched nOPAL, a tokenized vault developed by Black Opal Finance, on the Avalanche blockchain. This product provides investors with exposure to FX-hedged Brazilian credit card receivables, transforming a traditionally illiquid asset class into a programmable on-chain instrument. By leveraging Plume Network's infrastructure, the vault generates yield derived from consumer payment flows rather than volatile crypto market cycles. The integration of currency hedging is a critical feature, designed to mitigate the risks associated with the Brazilian real. This launch represents a strategic expansion of the RWA market, moving beyond the dominance of U.S. Treasuries into emerging market credit. The initiative highlights a growing trend of connecting regulated loan originators with high-performance Layer 1 blockchains to broaden institutional asset availability. As the RWA sector approaches a projected $10 billion valuation for tokenized treasuries and private credit by 2025, nOPAL serves as a model for bringing diverse, real-world yield sources onto the blockchain.
Key points
- ▸nOPAL vault on Avalanche provides exposure to FX-hedged Brazilian credit card receivables.
- ▸Black Opal Finance manages the origination and servicing of the underlying credit assets.
- ▸Plume Network provides the RWA infrastructure to facilitate on-chain payment flow conversion.
- ▸The product aims to diversify RWA offerings beyond traditional U.S. Treasury-backed tokens.
Background
Plume Network is a modular blockchain platform specifically engineered to facilitate the tokenization of real-world assets. It provides the necessary infrastructure to bridge traditional financial assets with decentralized finance ecosystems, enabling issuers to create liquid, programmable wrappers for illiquid assets.
Relevance
7/10