Plume, a blockchain platform for tokenized institutional assets, has launched the FALX Structured Credit Facility together with FalconX, a prime brokerage for digital assets. The new product gives onchain investors access to a portfolio of over-collateralized institutional loans through a structured credit vault.
The vault is available on Plume, Ethereum and Solana. It was built with support from Pareto, a credit infrastructure provider, OpenTrade, a tokenized lending platform, and M11 Credit, an institutional credit manager. The capital deposited in the vault will be allocated to a special purpose vehicle managed by FalconX, which makes loans to institutional clients including hedge funds, high-frequency trading firms and asset managers.
The interest rate is fixed for each monthly credit cycle, providing investors with a more predictable return. Plume has also introduced updated smart contract features that allow users to join the vault throughout the month and earn proportional interest immediately instead of waiting until the end of the cycle.
Image: Beautiful