Plume Network and Purpose for Profit Partner to Bring Onchain Funding to Affordable Housing Projects

[PRESS RELEASE – New York, United States, January 3rd, 2025]

Plume Network, the primary full-stack modular layer-1 blockchain targeted on Actual 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 score fund devoted to offering below-market-rate loans to companies constructing high quality reasonably priced housing. This collaboration marks a pivotal step in democratizing monetary alternatives whereas advancing sustainable and equitable growth.

On the core of this partnership is a shared imaginative and prescient to leverage blockchain for better transparency, inclusivity, and affect. PFP’s progressive mannequin makes use of the blockchain to doc all loans disbursed, funds obtained, property beneath administration, and token actions—each onchain and offchain. By doing so, PFP ensures transparency for traders and stakeholders.

By means of PFP’s PURPOSE token, people can stake their means into affect investing by basically taking a liquidity supplier place. Token holders can earn a portion of revenues from curiosity on loans repaid, all with out administration charges or penalties for early exits. This accessible mannequin empowers individuals to assist impactful ESG initiatives, beginning with reasonably priced and mixed-income housing tasks that present below-market-rate loans to companies.

“Plume Community is proud to assist Goal for Revenue of their efforts to merge blockchain innovation with significant, actual world affect,” mentioned Chris Yin, CEO and founding father of Plume. “This partnership is a testomony to the transformative potential of blockchain expertise when aligned with shared values of sustainability, fairness, and transparency.”

Collectively, Plume Community and Goal for Revenue intention to onboard over 1 million new individuals from sectors like actual property, building, non-profits, and philanthropy into Web3. This effort aligns with PFP’s mission to create a globally inclusive monetary neighborhood, mixing conventional cooperative ideas with progressive decentralization powered by blockchain.

“Plume Community’s structure is the inspiration for the subsequent part of blockchain innovation, it allows options that may onboard the subsequent wave of adopters. We’re excited to launch with Plume and produce RWA to the plenty,” mentioned Elizabeth Kukka, CEO of Goal for Revenue.

This partnership reinforces Plume Community’s dedication to fostering actual world asset tokenization and creating a strong ecosystem for tasks driving societal good. By integrating PFP into the Plume ecosystem, customers will achieve entry to tokenized affect investing alternatives and clear monetary mechanisms, seamlessly merging the ability of DeFi with tangible ESG outcomes.

About Goal for Revenue (PFP)

Purpose for Profit is the world’s first tokenized lending fund and on-chain endowment for ESG initiatives. Centered on reasonably priced housing, PFP leverages blockchain to create a clear, inclusive, and progressive mannequin for affect investing.

Customers can be taught extra at https://purposeforprofit.com/

About Plume Community

Plume is the primary public blockchain purpose-built for RWAfi, enabling the speedy adoption and demand-driven integration of actual world property. With 180+ tasks constructing on the community, Plume presents a composable, EVM-compatible surroundings for onboarding and managing numerous real-world property. Coupled with an end-to-end tokenization engine and a community of economic infrastructure companions, Plume simplifies asset onboarding and allows seamless DeFi integration for RWAs so anybody can tokenize actual world property, distribute them globally, and make them helpful for native crypto customers.

Customers can be taught extra at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz.