Plume and FalconX Partner to Launch Onchain Structured Credit Facility

The facility aims to broaden access to institutional-grade credit strategies, which have historically remained sequestered within opaque, traditional financial systems. By deploying on Plume’s infrastructure in partnership with OpenTrade and Pareto, the vault enables investors to tap into a diversified pool of loans issued to high-frequency traders, hedge funds, and asset managers. The product supports a capacity of up to $1 billion, addressing a surge in market demand for structured, programmable onchain yield products.

Technological updates to the vault’s smart contracts allow for intra-month subscriptions, ensuring capital earns prorated interest immediately upon entry rather than waiting for standard month-end cycles. M11 Credit acts as the administrative and collateral agent, overseeing loan book composition and performance reporting. While the loans are structured as overcollateralized to mitigate risk, the firms emphasize that returns are not guaranteed and are subject to market variables. Teddy Pornprinya, Co-Founder of Plume, noted that the objective is to demystify complex risk by providing compliant, transparent access to institutional strategies.