RWA L2 Network Plume Network said in a statement that the company announced plans to tokenize around $1.25 billion worth of real-world assets and offer holders the opportunity to earn in the process.
The goal is to tokenise assets including "solar farms, private credit, Medicaid-backed invoices and mineral rights" to make them available to investors by the fourth quarter, a Plume Network spokesperson said, adding that Plume Network hopes to "eventually" tokenise $3 billion worth of assets.
Plume Network said the proceeds it intends to tokenize include $500 million worth of private credit fund Credbull, $300 million worth of Plural Energy solar farms, some oil and gas mining rights, and $120 million worth of Medicaid claims.
Plume Network plans to tokenize around $1.25 billion of real-world assets by Q4
2024-09-21 13:13:37
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