Qiro Finance Partners with Plume Network to Tokenize up to $50M in Private Credit Assets On-Chain
New York, United States, January 13th, 2025, Chainwire
Qiro Finance, a leading RWA financing protocol, has joined forces with Plume Network to enable innovative financing use cases on-chain. By integrating Qiro Finance’s credit underwriting and tokenization infrastructure with Plume Network’s modular RWAfi L1 blockchain, Qiro Finance aims to tokenize up to $50M in private credit assets by the end of 2025, primarily focusing on fintech asset originators. This milestone underscores Qiro Finance and Plume Network’s commitment to scaling private credit markets on-chain. Qiro Finance and Plume Network are backed by prominent investors such as Alliance, CMT Digital, Escape Velocity, Trident Digital, and Druid Ventures.
Qiro is building credit underwriting infrastructure for RWA financing. Through its distributed credit underwriting infrastructure, Qiro will empower RWA financing platforms on the Plume network with seamless access to off-chain credit data, comprehensive credit risk assessments, and real-time risk monitoring.
Qiro is starting with its first use case i.e. structured debt to fintech originators. Qiro will tokenize fintech loan portfolios by integrating their asset tokenization module on Plume’s blockchain. These loans will be underwritten using Qiro’s distributed underwriting infrastructure. Lending pools deployed on Plume will feature Qiro’s tranching structure, with senior and junior tranches, allowing investors to choose risk-reward profiles tailored to their preferences.
Further, Qiro can enable innovative RWA financing use cases such as DePIN financing, embedded financing, trade finance, and many more. Qiro aims to become the de facto credit underwriting infrastructure for different RWA financing use cases on the Plume network.
Transforming Credit Underwriting for RWAs with a Distributed Approach
The partnership between Qiro and Plume tackles a key challenge in RWA financing: credit defaults and losses stemming from opaque underwriting practices. Qiro’s underwriting infrastructure leverages a data-driven approach and distributed risk evaluation, ensuring transparent on-chain risk management.
“Qiro’s mission is to improve the current state of tokenized private credit through enterprise-grade credit underwriting infrastructure. We are excited to partner with Plume network which enables us to onboard private credit assets on-chain at scale,” said Akshay Poshatwar, CEO of Qiro Finance.
About Qiro Finance
Qiro Finance is building credit underwriting infrastructure for RWA financing. Starting with the private credit use case, by tokenizing fintech loan portfolios and leveraging distributed credit underwriting, Qiro provides access to fixed-yield opportunities. Qiro is backed by leading crypto investors such as Alliance, CMT Digital, Escape Velocity, Trident Digital & Druid Ventures.
For more information, users can visit www.qiro.finance.
About Plume Network
Plume is the first public L1 blockchain purpose-built for RWAfi, enabling the rapid adoption and demand-driven integration of real-world assets. With 180+ projects built on the network, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables seamless DeFi integration for RWAs so anyone can tokenize real-world assets, distribute them globally, and make them useful for native crypto users.
Users can learn more at https://plumenetwork.xyz or contact [email protected]
Contact
Plume Network
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