Creditcoin and Plume Network Parnership

Published on: 21.05.2024
Creditcoin and Plume Network Parnership

Creditcoin is excited to announce its latest strategic partnership with Plume, a modular L2 blockchain and real-world asset launchpad dedicated to bringing traditional finance and Web3 closer together.

In addition to the tokenization of RWAs, Plume also helps integrate real-world and digital assets by streamlining compliance operations by working with regulators.

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders, and investors on-chain. These efforts have made significant strides towards financial inclusion as previously unbanked individuals now have access to lines of credit and subsequently, a secure on-chain record demonstrating their creditworthiness.

The culmination of its efforts in emerging markets has enabled Creditcoin’s development company, Gluwa, to recently ink a partnership with the Central Bank of Nigeria as a Partner Agent to increase the adoption of its CBDC. By providing digital banking infrastructure, millions of new users will be more effectively included in the global economy.

Together, Creditcoin and Plume will leverage their expertise, networks, and combined research to foster the growth and adoption of RWAs across Web3 and beyond. Additionally, Creditcoin is currently in the testnet phase of its network upgrade to become EVM-compatible. Combining Creditcoin’s upgraded EVM network with Plume’s RWA platform, it fosters an ideal setup for tokenizing and discovering RWA opportunities.

This endeavor will explore the financialization of compliant, off-chain investment products into the digital asset space, and ultimately shape the future of interoperability and composability when it comes to integrating the real world with DeFi.

 

About Creditcoin

Creditcoin is the world’s leading real-world asset infrastructure chain for financial institutions, connecting global borrowers, lenders and investors on-chain. To date, the protocol has helped its partners record over 4.27 million real-world credit transactions, valued at $79.7 million USD, while servicing 337,000 customers worldwide across emerging markets.

By transparently securing credit history and loan performance on the Creditcoin network, the protocol has already helped thousands of borrowers, businesses, and investors secure capital financing, build credit history, and grow their global RWA investment footprint.

Website | Twitter

 

About Plume

Plume is the first modular L2 blockchain dedicated for all real-world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Their mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.

Website | Twitter

 

 

SOURCE: CREDITCOIN BLOG

 

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