Plume Network and Purpose for Profit have announced a partnership aimed at enhancing access to financial opportunities and supporting sustainable development.
A New Era of Real World Asset Finance
Plume Network, the first full-stack modular layer-1 blockchain, has partnered with Purpose for Profit, the world's first on-chain endowment and tokenized credit fund. This collaboration marks a significant step in democratizing financial opportunities aimed at supporting quality affordable housing.
Modelling Transparent Investment
Central to the partnership between Plume Network and Purpose for Profit is the use of blockchain for transparency and inclusivity. PFP's innovative model utilizes blockchain to document all loans disbursed, payments received, and token activities, ensuring transparency for all stakeholders.
Supporting Impactful Initiatives
Participants holding the PURPOSE token can engage in impact investing, supporting ESG initiatives. This allows them to earn revenue from interest on repaid loans without additional costs. The partnership aims to bring a million new participants from various sectors into a global inclusive financial community.
The partnership between Plume Network and Purpose for Profit emphasized the commitment to using blockchain technology for social good, offering participants access to transparent financial mechanisms that merge DeFi and ESG initiatives.
