[PRESS RELEASE – New York, United States, January 3rd, 2025]
Plume Network, the very first full-stack modular layer-1 blockchain concentrated on Real World Asset Finance (RWAfi), is enjoyed reveal a collaboration with Purpose for Profit (PFP), the world’s very first on-chain endowment and tokenized credit fund devoted to offering below-market-rate loans to services constructing quality inexpensive real estate. This cooperation marks a critical action in equalizing monetary chances while advancing sustainable and fair advancement.
At the core of this collaboration is a shared vision to utilize blockchain for higher openness, inclusivity, and effect. PFP’s ingenious design uses the blockchain to record all loans paid out, payments got, possessions under management, and token activities– both onchain and offchain. By doing so, PFP makes sure openness for financiers and stakeholders.
Through PFP’s PURPOSE token, people can stake their method into effect investing by basically taking a liquidity service provider position. Token holders can make a part of profits from interest on loans paid back, all without management charges or charges for early exits. This available design empowers individuals to support impactful ESG efforts, beginning with budget friendly and mixed-income real estate tasks that supply below-market-rate loans to organizations.
“Plume Network is happy to support Purpose for Profit in their efforts to combine blockchain development with significant, real life effect,” stated Chris Yin, CEO and creator of Plume. “This collaboration is a testimony to the transformative capacity of blockchain innovation when lined up with shared worths of sustainability, equity, and openness.”
Together, Plume Network and Purpose for Profit objective to onboard over 1 million brand-new individuals from sectors like realty, building and construction, non-profits, and philanthropy into Web3. This effort lines up with PFP’s objective to develop an internationally inclusive monetary neighborhood, mixing conventional cooperative concepts with progressive decentralization powered by blockchain.
“Plume Network’s architecture is the structure for the next stage of blockchain development, it allows services that will onboard the next wave of adopters. We’re delighted to introduce with Plume and bring RWA to the masses,” stated Elizabeth Kukka, CEO of Purpose for Profit.
This collaboration enhances Plume Network’s dedication to cultivating real life property tokenization and developing a robust community for tasks driving social excellent. By incorporating PFP into the Plume environment, users will access to tokenized effect investing chances and transparent monetary systems, effortlessly combining the power of DeFi with concrete ESG results.
About Purpose for Profit (PFP)
Function for Profit is the world’s very first tokenized financing fund and on-chain endowment for ESG efforts. Concentrated on budget friendly real estate, PFP leverages blockchain to produce a transparent, inclusive, and progressive design for effect investing.
Users can discover more at https://purposeforprofit.com/
About Plume Network
Plume is the very first public blockchain purpose-built for RWAfi, allowing the quick adoption and demand-driven combination of real life properties. With 180+ tasks developing on the network, Plume uses a composable, EVM-compatible environment for onboarding and handling varied real-world properties. Paired with an end-to-end tokenization engine and a network of monetary facilities partners,
