Purpose for Profit (PFP), a blockchain focused on Real World Asset Finance (RWAfi), announces a partnership with Plume Network, a tokenized credit fund dedicated to providing below-market-rate loans for affordable housing. This collaboration aims to leverage blockchain for greater transparency and inclusivity in financial opportunities, supporting sustainable and equitable development. PFP's model utilizes blockchain to document all loan activities, ensuring transparency for investors. Through PFP's PURPOSE token, individuals can participate in impact investing, earning a portion of loan repayment interest. Together, PFP and Plume Network aim to onboard over 1 million new participants into Web3, creating a globally inclusive financial community.
, the first full-stack modular layer-1 blockchain focused on Real World Asset Finance , is thrilled to announce a partnership with, the world’s first on-chain endowment and tokenized credit fund dedicated to providing below-market-rate loans to businesses building quality affordable housing . This collaboration marks a pivotal step in democratizing financial opportunities while advancing sustainable and equitable development.
Through PFP’s PURPOSE token, individuals can stake their way into impact investing by essentially taking a liquidity provider position. Token holders can earn a portion of revenues from interest on loans repaid, all without management fees or penalties for early exits. This accessible model empowers participants to support impactful ESG initiatives, starting with affordable and mixed-income housing projects that provide below-market-rate loans to businesses.
Together, Plume Network and Purpose for Profit aim to onboard over 1 million new participants from sectors like real estate, construction, non-profits, and philanthropy into Web3. This effort aligns with PFP’s mission to create a globally inclusive financial community, blending traditional cooperative principles with progressive decentralization powered by blockchain.
Finance Real Estate Blockchain Real World Asset Finance Affordable Housing Impact Investing Web3
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN loses to Food Network as network’s primetime viewership languishesCNN’s primetime lineup of 'Anderson Cooper 360,' 'The Source with Kaitlan Collins' and 'CNN NewsNight with Abby Phillips' averaged only 367,000 total viewers from 8-11 p.m.
Read more »
Plume Partners with PinLink to Bring Tokenized Computing Infrastructure to its EcosystemPlume and PinLink collaborate to unlock market-leading yield opportunities by bringing tokenized computing infrastructure to Plume’s growing ecosystem.
Read more »
M^0, Mountain, Anemoy to Power Treasuries Vaults on Plume, via Nest Staking ProtocolCrypto Blog
Read more »
Plume Raises $20 Million to Accelerate Real-World Asset TokenizationPlume, a blockchain platform focused on tokenizing real-world assets (RWAs), announced a $20 million Series A funding round. The platform plans to use the funds to accelerate the development of its layer 1 blockchain and launch its mainnet in early 2025.
Read more »
Layer-2 Network Fuel to Airdrop 10% of New FUEL Token Supply to 200K WalletsFuel claims to be the fastest and cheapest Ethereum rollup.
Read more »
Layer 2 Network Built Using Facebook Designed Programming Language to Airdrop Its TokenThe Movement Network was built using Facebook's programing language Move.
Read more »