Plume, a blockchain platform for tokenized institutional assets, has launched the FALX Structured Credit Facility together with FalconX, a digital asset prime brokerage. The new product gives onchain investors access to a portfolio of overcollateralized institutional loans through a structured credit vault.
The vault is available on Plume, Ethereum, and Solana. It was built with support from Pareto, a credit infrastructure provider, OpenTrade, a tokenized lending platform, and M11 Credit, an institutional credit manager. Capital deposited into the vault is allocated to a special purpose vehicle managed by FalconX, which provides loans to institutional clients, including hedge funds, high-frequency trading firms, and asset managers.
The interest rate is fixed for each monthly lending cycle, giving investors a more predictable yield. Plume has also introduced updated smart contract features that allow users to join the vault during the month and begin earning proportional interest immediately instead of waiting until the end of the cycle.