[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 growth.
On the core of this partnership is a shared imaginative and prescient to leverage blockchain for higher transparency, inclusivity, and impression. PFP’s modern mannequin makes use of the blockchain to doc all loans disbursed, funds acquired, property beneath administration, and token actions—each onchain and offchain. By doing so, PFP ensures transparency for buyers and stakeholders.
By means of PFP’s PURPOSE token, people can stake their approach into impression investing by basically 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 help impactful ESG initiatives, beginning with inexpensive and mixed-income housing tasks that present below-market-rate loans to companies.
“Plume Community is proud to help Function for Revenue of their efforts to merge blockchain innovation with significant, actual world impression,” stated Chris Yin, CEO and founding father of Plume. “This partnership is a testomony to the transformative potential of blockchain expertise when aligned with shared values of sustainability, fairness, and transparency.”
Collectively, Plume Community and Function for Revenue goal to onboard over 1 million new individuals from sectors like actual property, development, non-profits, and philanthropy into Web3. This effort aligns with PFP’s mission to create a globally inclusive monetary neighborhood, mixing conventional cooperative rules with progressive decentralization powered by blockchain.
“Plume Community’s structure is the muse for the following section of blockchain innovation, it permits options that may onboard the following wave of adopters. We’re excited to launch with Plume and produce RWA to the plenty,” stated Elizabeth Kukka, CEO of Function for Revenue.
This partnership reinforces Plume Community’s dedication to fostering actual world asset tokenization and creating a strong ecosystem for tasks driving societal good. By integrating PFP into the Plume ecosystem, customers will achieve entry to tokenized impression investing alternatives and clear monetary mechanisms, seamlessly merging the facility of DeFi with tangible ESG outcomes.
About Function for Revenue (PFP)
Function for Revenue is the world’s first tokenized lending fund and on-chain endowment for ESG initiatives. Targeted on inexpensive housing, PFP leverages blockchain to create a clear, inclusive, and progressive mannequin for impression investing.
Customers can study extra at https://purposeforprofit.com/
About Plume Community
Plume is the primary public blockchain purpose-built for RWAfi, enabling the speedy adoption and demand-driven integration of actual world property. With 180+ tasks constructing on the community, Plume gives a composable, EVM-compatible atmosphere for onboarding and managing various real-world property. Coupled with an end-to-end tokenization engine and a community of economic infrastructure companions, Plume simplifies asset onboarding and permits seamless DeFi integration for RWAs so anybody can tokenize actual world property, 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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