Plume Vaults featuring real-world credit yield now live on Fordefi Earn, enabling institutions to earn RWA yields within their existing custody infrastructure.
Tech & Launches ·
Plume Network's real-world asset vaults are now accessible through Fordefi Earn, a custody platform that facilitates $120B in monthly onchain transactions. The integration brings two initial vaults live: BlackOpal's nOPAL vault, offering exposure to Brazilian credit receivables with a 10.75% APY and $90.1M in total value locked, and FalconX's nFXCF vault, providing digital asset credit exposure at 7.29% APY with $26.1M TVL. The partnership marks the first time such real-world credit yields are embedded directly within an institutional MPC wallet and custody environment.
The deployment addresses an existing capital inefficiency: custodians hold substantial portions of global stablecoin reserves that generate no yield while sitting idle in custody infrastructure. By embedding Plume Vaults into Fordefi's platform, institutions can now access RWA-backed returns without exiting their established custody controls or operational workflows.
What remains open is the scale of institutional adoption across both vaults and whether additional vault offerings will follow the initial BlackOpal and FalconX deployments. The performance and risk metrics of these credit facilities over time, as well as potential regulatory developments affecting institutional RWA holdings, are also factors yet to materialize.