New York, United States, January 3rd, 2025,
Chainwire
Plume Network, the first
full-stack modular layer-1 blockchain focused on Real World Asset
Finance (RWAfi), is thrilled to announce a partnership with
Purpose for Profit (PFP), the
world’s first on-chain endowment and tokenized credit fund
dedicated to providing below-market-rate loans to businesses
building quality affordable housing. This collaboration marks a
pivotal step in democratizing financial opportunities while
advancing sustainable and equitable development.
At the core of this partnership is a shared vision to leverage
blockchain for greater transparency, inclusivity, and impact. PFP’s
innovative model utilizes the blockchain to document all loans
disbursed, payments received, assets under management, and token
activities—both onchain and offchain. By doing so, PFP ensures
transparency for investors and stakeholders.
Through PFP’s PURPOSE token, individuals can stake their way
into impact investing by essentially taking a liquidity provider
position. Token holders can earn a portion of revenues from
interest on loans repaid, all without management fees or penalties
for early exits. This accessible model empowers participants to
support impactful ESG initiatives, starting with affordable and
mixed-income housing projects that provide below-market-rate loans
to businesses.
“Plume Network is proud to support Purpose for Profit
in their efforts to merge blockchain innovation with meaningful,
real world impact,” said Chris Yin, CEO and founder of Plume. “This
partnership is a testament to the transformative potential of
blockchain technology when aligned with shared values of
sustainability, equity, and transparency.”
Together, Plume Network and Purpose for Profit aim to onboard
over 1 million new participants from sectors like real estate,
construction, non-profits, and philanthropy into Web3. This effort
aligns with PFP’s mission to create a globally inclusive financial
community, blending traditional cooperative principles with
progressive decentralization powered by blockchain.
“Plume Network’s architecture is the foundation for the
next phase of blockchain innovation, it enables solutions that will
onboard the next wave of adopters. We’re excited to launch with
Plume and bring RWA to the masses,” said Elizabeth Kukka, CEO of
Purpose for Profit.
This partnership reinforces Plume Network’s commitment to
fostering real world asset tokenization and creating a robust
ecosystem for projects driving societal good. By integrating PFP
into the Plume ecosystem, users will gain access to tokenized
impact investing opportunities and transparent financial
mechanisms, seamlessly merging the power of DeFi with tangible ESG
outcomes.
About Purpose for Profit (PFP)
Purpose for Profit is the world’s first
tokenized lending fund and on-chain endowment for ESG initiatives.
Focused on affordable housing, PFP leverages blockchain to create a
transparent, inclusive, and progressive model for impact
investing.
Users can learn more at https://purposeforprofit.com/
About Plume Network
Plume is the first public blockchain
purpose-built for RWAfi, enabling the rapid adoption and
demand-driven integration of real world assets. With 180+ projects
building on the network, Plume offers a composable, EVM-compatible
environment for onboarding and managing diverse real-world assets.
Coupled with an end-to-end tokenization engine and a network of
financial infrastructure partners, Plume simplifies asset
onboarding and enables seamless DeFi integration for RWAs so anyone
can tokenize real world assets, distribute them globally, and make
them useful for native crypto users.
Users can learn more at https://www.plumenetwork.xyz/ or contact
press@plumenetwork.xyz.
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