Plume Network, the first modular EVM chain built to bring any real world asset (RWA) onchain, is proud to launch on Plume the Mineral Vault fund (“Mineral Vault”) of the Allegiance Oil & Gas family of companies, which holds over $1 billion in assets under management (AUM). This deployment simplifies the complexities of mineral interest management while also opening new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi infrastructure, users on both Plume and Mineral Vault will benefit from increased liquidity, streamlined portfolio management processes, and enhanced transparency.
Mineral interests, unlike speculative cryptocurrencies, are tied to commodities and offer stability and diversification. Mineral Vault’s launch represents a significant opportunity to diversify into RWAs and enter the emerging onchain commodities market, which currently has limited options.
Tokenizing mineral interests provides a stable investment, offering financial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gas in the U.S.
ContactCMOTiffany LungPlume Networktiffany@plumenetwork.xyz
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
