Plume and Chateau Capital join forces to unlock $500m private market investments

12/12/2024 00:19
Plume and Chateau Capital join forces to unlock $500m private market investments

Plume Network is teaming up with Chateau Capital to bring over $500 million in tokenized illiquid assets, including pre-IPO shares to investors

Plume and Chateau Capital join forces to unlock $500m private market investments

Plume Network, a fully integrated layer-1 modular blockchain for real-world asset finance, is partnering with Chateau Capital to tokenize illiquid assets and unlock more than $500 million in private market investments.

The partnership aims to bring premium private market investments on-chain, Plume Network and Chateau Capital announced in a press release.

This collaboration is expected to democratize private markets by providing new opportunities to global investors.

Chateau Capital’s decentralized finance infrastructure, which bridges traditional finance and DeFi, will play a central role in the partnership. The initiative will enable investors to access institutional-grade investment opportunities through the tokenization of traditionally illiquid assets into composable ERC20 tokens. These assets include hedge fund strategies, pre-IPO shares, and private equity investments, among others.

Plume will offer access to these investments starting as low as $1 USDC, allowing retail investors to participate in opportunities traditionally reserved for institutional investors. Examples of pre-IPO shares available include top stablecoin issuer Circle, artificial intelligence startups Anthropic and OpenAI, and internet technology giant ByteDance.

“This partnership represents a monumental step toward democratizing Private Markets. Through this integration, anyone can access elite private market deals via tokenized assets built for the DeFi era,” Hao Jun Tan, chief executive officer of Chateau Capital, said.

Plume and Chateau’s partnership comes a day after the Plume team announced a key collaboration with RWA platform Zoth and SC Ventures-incubated digital infrastructure platform Olea.

Zoth, Plume and Olea aim to leverage their technologies to accelerate on-chain adoption of fixed-income pools.

The various partnerships are part of the huge growth seen across the tokenized RWA market. On-chain RWA is currently a $13.7 billion market, with this showing a 4.7% growth in the past month.

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