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San Francisco, California, United States, September 11, 2024, Chainwire
Plume Network, the first modular EVM chain built to bring all real-world assets (RWAs) on-chain, is proud to announce the launch of Allegiance Oil & Gas’ Mineral Vault fund (“Mineral Vault”) on Plume. The fund has over $1 billion in assets under management (AUM). This deployment simplifies the complexity of managing mineral interests while opening up new investment opportunities to a wider range of participants. By leveraging Plume’s composable RWAfi infrastructure, Plume and Mineral Vault users will benefit from increased liquidity, a streamlined portfolio management process, and improved transparency.
“Our partnership with Mineral Vault and Allegiance Oil & Gas represents a significant step forward in reimagining the way the energy industry manages its assets,” said Plume CEO and Co-Founder Chris Yin. “Plume is committed to building an ecosystem and technology that simplifies and incentivizes investors and institutions across all industries to create new capital, starting with oil and gas, one of the longest-traded and most profitable commodities.”
Background of Mineral Vault
The United States is unique in that it has historically allowed large private ownership of mineral interests while restricting global investment to US investors. However, Mineral Vault’s introduction of tokenization opens up this lucrative asset class to investors around the world. This innovation simplifies global access to mineral interests by bypassing the complexity of traditional assets and the volatility of cryptocurrencies.
Unlike speculative cryptocurrencies, mineral interests are tied to commodities, providing stability and diversification. The launch of Mineral Vault represents a significant opportunity to diversify into RWA and enter the emerging on-chain commodities market where options are currently limited.
Tokenizing mineral interests provides a stable investment and financial exposure to resource production in the United States, including gold, silver, coal, primarily crude oil and natural gas.
Why Plume is a Perfect Fit for Mineral Vault
Allegiance Oil & Gas selected Plume Network for this initiative due to its robust and scalable RWAfi infrastructure, specifically designed to support tokenization and management of RWAs with a crypto-first approach integrated into the TradFi framework. Plume’s platform streamlines the end-to-end process of compliance features, digital asset distribution, and tokenization in a cohesive RWAfi ecosystem.
“We are excited to partner with Plume Network to launch Mineral Vault. Plume’s cutting-edge technology and modular infrastructure align perfectly with our vision to revolutionize mineral interests management. This collaboration will set a new industry standard by improving liquidity and transparency, as well as expanding investment accessibility to our global target audience.” Blake Morgan, CEO of Mineral Vault
By providing access to a wider range of investors, Plume Network enables greater market participation and liquidity. This democratization of investment opportunities is consistent with Plume’s long-term vision to pioneer the tokenization of real-world assets and transform the way these assets are managed and traded through RWAfi.
Introducing Mineral Vault
Mineral Vault is the first attempt to tokenize mineral interests created by a key member of the Allegiance Oil & Gas family of companies, with over $1 billion in AUM, specializing in high-quality investment opportunities in the mineral rights sector. The Mineral Vault I token represents a pioneering effort to tokenize mineral interests utilizing Plume’s RWAfi infrastructure, providing global investors with a secure and transparent way to invest in this valuable asset class.
About Plume Network
Plume is the first modular real-world finance (RWAfi) blockchain dedicated to all RWAs, integrating tokenization and compliance providers directly on-chain. Their mission is to simplify the complex process of deploying RWA projects and provide investors with a blockchain ecosystem where they can cross-pollinate and invest in a variety of RWAfi. Plume also supports RWAfi composability through thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs. Users can learn more on their website and social media: https://linktr.ee/plume_network.
Contact
Chief Marketing Officer (CMO)
Tiffany Leung
Plume Network
(email protected)
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