Qiro Finance Partners with Plume Network to Tokenize $50M in Private Credit Assets

Qiro Finance, a prominent protocol in real-world asset (RWA) financing, has announced a strategic partnership with Plume Network, a modular blockchain designed for RWA finance (RWAfi). This collaboration aims to tokenize up to $50 million in private credit assets by the end of 2025, with an initial focus on fintech asset originators.

Enabling Scalable On-Chain Private Credit Markets

The integration of Qiro Finance’s credit underwriting and tokenization infrastructure with Plume Network’s blockchain platform is set to unlock innovative financing use cases. Qiro’s distributed credit underwriting system will provide RWA financing platforms on Plume with real-time access to credit data, risk assessments, and transparent risk monitoring.

The partnership’s first use case will focus on structured debt financing for fintech loan portfolios. Qiro will tokenize these portfolios using Plume’s blockchain while deploying lending pools that feature a tranching structure. This structure offers senior and junior tranches, allowing investors to select risk-reward profiles that align with their preferences.

Additionally, Qiro aims to expand its use cases to include DePIN (Decentralized Physical Infrastructure Network) financing, embedded financing, and trade finance, positioning itself as a foundational credit underwriting infrastructure on Plume.

Addressing Challenges in RWA Financing

One of the primary challenges in RWA financing is the risk of credit defaults and losses due to opaque underwriting practices. Qiro’s data-driven and distributed approach seeks to address this by providing a transparent and scalable credit underwriting system.

“Qiro’s mission is to improve the current state of tokenized private credit through enterprise-grade credit underwriting infrastructure. We are excited to partner with Plume Network, which enables us to onboard private credit assets on-chain at scale,” said Akshay Poshatwar, CEO of Qiro Finance.

Plume Network: A Purpose-Built Blockchain for RWAs

Plume Network, the first public Layer 1 blockchain dedicated to RWAfi, provides an ecosystem for onboarding and managing real-world assets. The platform offers an EVM-compatible environment, an end-to-end tokenization engine, and a network of financial infrastructure partners. With over 180 projects already on the network, Plume simplifies the integration of real-world assets into decentralized finance (DeFi) applications.

Both Qiro Finance and Plume Network are supported by prominent investors, including Alliance, CMT Digital, Escape Velocity, Trident Digital, and Druid Ventures. This partnership underscores their shared commitment to advancing the RWAfi sector.

Image by Enrico Fumagalli from Unsplash

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