Plume Network to Tokenize $1.25 Billion in Real-World Assets

According to The Block, Plume Network, an RWA L2 network, announced plans to tokenize approximately $1.25 billion in real-world assets, offering holders the opportunity to earn yield in the process.

A Plume Network spokesperson stated that the company aims to tokenize assets including "solar farms, private credit, Medicaid-supported invoices, and mineral rights," making them available to investors before the fourth quarter. The spokesperson added that Plume Network ultimately hopes to tokenize $3 billion worth of assets.

Plume Network stated that the yield-generating assets it intends to tokenize include a $500 million private credit fund called Credbull, a $300 million Plural Energy solar farm, some oil and gas mineral rights, and $120 million in Medicaid claims.