Plume Network Brings Brazilian Credit Card Receivables On-Chain

• Plume enables Brazilian credit card receivables to be tokenized through its institutional-grade RWA infrastructure.
• GemStone offers FX-hedged, USD-based exposure backed by regulated settlement via Visa and Mastercard.

Plume Network is bringing Brazilian credit card receivables to the blockchain through its GemStone product, launched in partnership with financing company BlackOpal. Under this model, BlackOpal purchases merchants’ credit card receivables through a true sale mechanism and immediately pays around 95% of the value upfront.

When the payment finally clears through Visa or Mastercard, the receivable tokens are simply cashed out at their full amount, just as originally expected.

For businesses, the arrangement speeds up much-needed liquidity, while investors get a path into cash-generating assets. The whole tokenization pipeline runs on Plume Network’s infrastructure, built specifically to handle real-world asset deals.

Plume Network Turns Card Receivables Into Digital Assets

With that approach, credit card receivables, previously restricted to the traditional financial system, can now be traded digitally, transparently, and on a blockchain basis.

GemStone is issued in US dollars and includes built-in protection against currency swings, so movements in the Brazilian real don’t eat into investor payouts. On the legal side, the receivables are formally registered with the Central Bank of Brazil’s system, keeping their ownership clear and properly documented.

Payments are routed straight through the major card networks, not through each merchant’s financial condition. That setup helps strip out much of the credit risk that usually comes with lending to smaller businesses.

Institutional Backing Fuels On-Chain Credit Expansion

Furthermore, the launch of GemStone did not occur in isolation. Mars Capital Advisors, a Swiss investment firm, committed $200 million in funding over a three-year period. This funding served as an initial facility to support product development and strengthen institutional confidence in Plume Network’s tokenization model.

With this support, larger-scale expansion became more realistic, especially in Latin American markets with high credit card transaction volumes.

In many ways, the strategy shows the network’s long-range priorities, putting real-world assets front and center in how it wants to evolve.

Credit card receivables, bonds, and other financing instruments are positioned as a bridge between the traditional financial system and blockchain technology. In practice, this allows for faster funding flows, more transparent processes, and broader access to capital.

Furthermore, for investors, products like GemStone offer a revenue stream derived from real economic activity. It doesn’t rely solely on speculation, but rather on everyday card transactions.

However, the tokenization structure maintains legal order and the flow of funds, thus not being separated from the existing framework.

On the other hand, in mid-June, we reported that the integration of Chainlink CCIP allows Plume Network users to access over 46 blockchain ecosystems through a secure cross-chain messaging system and asset transfers.

The protocol also features a built-in anti-fraud network to safeguard transactions and increase trust in Plume Network’s ever-growing infrastructure.

Back on November 20, Securitize teamed up with Plume Network to roll out institutional assets through Nest, Plume’s staking protocol. The move broadened Securitize’s presence in DeFi and brought institutional-grade real-world asset products to users in the Plume ecosystem.

Then, on March 18, we highlighted YZi Labs’ investment in Plume Network to accelerate the adoption of real-world assets in the crypto ecosystem.

This series of steps demonstrates that Plume Network is not simply introducing a new product, but also building a foundation for the more stable and targeted growth of real asset tokenization.

Meanwhile, at press time, the PLUME token is still under stress and traded at $0.01715. The token price is down 2.29% over the last 24 hours, with $4.90 million in daily spot trading volume.