Available Vaults

nTBILL

Plume Treasury Vault

The vault takes stablecoin deposits and allocates them into a conservative portfolio of short-duration U.S. Treasuries and high-quality government yield vehicles, including AAA-rated treasury funds and related cash-equivalent instruments. In return, depositors receive nTBILL, a vault token representing their share of the portfolio.

Cash flows generated by the underlying treasury exposures are automatically reinvested into the vault, with returns reflected directly in the nTBILL token price rather than distributed — providing passive exposure to stable, cash-like real-world yield.

The strategy is designed for capital preservation with consistent yield, combining highly liquid, regulated assets and transparent backing while remaining fully composable for use across on-chain strategies and liquidity protocols.

Yield strategy

The allocation focuses on short-duration U.S. Treasuries and cash-equivalent instruments to prioritize capital preservation and liquidity. This structure aims to deliver stable, low-volatility yield backed by government securities.

Risk considerations

nTBILL primarily holds short-duration U.S. Treasury and cash-equivalent instruments, which generally aim to minimize volatility but are still affected by interest rate movements. Changes in monetary policy or rate expectations may impact yield and token price over time. Additional risks include operational dependencies and temporary liquidity constraints, even when underlying assets are government-backed.

Vault composition

nALPHA

Plume Alpha Vault

Alpha is Plume Vaults' flagship real-world yield vault. The vault takes stablecoin deposits and allocates them into a diversified portfolio of tokenized real-world assets, including payment financing and private credit. In return, depositors receive nALPHA, a vault token representing their share of the portfolio.

Cash flows generated by the underlying assets are automatically reinvested into the vault, with returns reflected directly in the nALPHA token price rather than distributed — providing passive exposure to income-generating RWAs.

The strategy is designed to deliver compelling real-world returns by combining consistent income, transparent asset backing, and capital efficiency, while remaining fully composable for use across on-chain strategies and yield amplification protocols.

Yield strategy

This allocation blends multiple real-world income sources to balance yield, durability, and diversification. Exposure across energy, payment financing, private credit, and an actively managed ETF helps smooth cash flows while reducing reliance on any single asset class.

Risk considerations

nALPHA is exposed to the performance of multiple real-world asset classes, including energy, payment financing, private credit, and managed fund strategies. Risks may include variability in cash flows, counterparty and operational risk across multiple asset managers, and sensitivity to macroeconomic or sector-specific cycles. Liquidity may be impacted during periods of market stress or reduced activity in underlying asset markets.

Vault composition

nBASIS

Plume Basis Vault

The vault takes stablecoin deposits and allocates them into institutional crypto basis and cash-and-carry strategies through the Bitwise Crypto Carry Fund, capturing non-directional returns from futures basis spreads across crypto assets. In return, depositors receive nBASIS, a vault token representing their share of the strategy.

Cash flows generated by the underlying basis trades are automatically reinvested into the vault, with returns reflected directly in the nBASIS token price rather than distributed — enabling passive exposure to market-neutral, yield-seeking crypto basis returns.

The strategy is designed to focus on spread capture (rather than price direction), combining institutional execution and transparent backing while remaining fully composable for use in on-chain strategies and looping protocols.

Yield strategy

The allocation is designed to capture futures basis spreads through institutional cash-and-carry strategies. By focusing on non-directional basis returns, the vault targets yield that is largely independent of crypto market price movements.

Risk considerations

nBASIS depends on the persistence of futures basis spreads generated through cash-and-carry strategies. Risks include basis compression, changes in funding rates, execution risk, and counterparty exposure within derivatives markets. Periods of low volatility or structural changes in futures markets may reduce the availability or consistency of basis returns.

Vault composition

nOPAL

Plume BlackOpal LiquidStone II Vault

The vault takes stablecoin deposits and allocates them into tokenized exposure to BlackOpal’s LiquidStone II fund, which invests in FX-hedged, short-dated Brazilian credit card receivables for yield generation and Superstate’s USCC market-neutral strategy for liquidity management.

Cash flows generated by the underlying assets are automatically reinvested into the vault, with returns reflected directly in the nOPAL token price rather than distributed — providing passive exposure to diversified, real-world credit income.

The strategy is designed to deliver yield through credit card receivables backstopped by credit card networks with higher liquidity through the market-neutral sleeve.

Yield strategy

The allocation emphasizes short-duration receivables and payment financing assets to generate frequent, contract-based cash flows. This structure supports consistent income while limiting long-term exposure to interest rate and duration risk.

Risk considerations

nOPAL is exposed to short-duration credit and receivables-based assets, where performance depends on borrower repayment behavior and servicing efficiency. Risks may include credit defaults, geographic or consumer concentration, and operational risks within payment and receivables platforms. Local economic conditions and regulatory changes may also affect cash flow reliability.

Vault composition

nCREDIT

Plume Credit Vault

The vault takes stablecoin deposits and allocates them into a diversified mix of institutional-grade public and private credit exposures, blending senior secured loans, trade finance, crypto basis strategies, and short-term debt instruments sourced from leading global managers and innovative on-chain platforms. In return, depositors receive nCREDIT, a vault token representing their share of the combined strategy.

Cash flows and income generated by the underlying credit exposures are automatically reinvested into the vault, with returns reflected directly in the nCREDIT token price rather than distributed — providing passive exposure to resilient, credit-oriented yield.

The strategy is designed to provide stable income with diversified credit exposure, combining multiple yield sources into a single vehicle

Yield strategy

The allocation aggregates multiple credit strategies into a single portfolio to diversify income sources and reduce concentration risk. By blending public and private credit exposures, the vault aims to deliver resilient, credit-driven yield across market conditions.

Risk considerations

nCREDIT aggregates multiple public and private credit strategies, which can introduce correlated credit risk during downturns. Risks include borrower defaults, liquidity mismatches between assets and redemptions, counterparty exposure, and valuation uncertainty in private credit components. Macroeconomic conditions and regulatory changes affecting credit markets may materially impact performance.

Vault composition

nWISDOM

Plume Wisdom Vault

The vault takes stablecoin deposits and allocates them into tokenized exposure to WisdomTree’s private credit and alternative income fund, offering diversified access to direct lending, asset-backed, and opportunistic credit strategies. In return, depositors receive nWISDOM, a vault token representing their share of the portfolio.

Cash flows generated by the underlying private credit and alternative income exposures are automatically reinvested into the vault, with returns reflected directly in the nWISDOM token price rather than distributed — providing passive exposure to diversified, income-oriented real-world credit.

The strategy is designed to deliver credit-oriented yield through a portfolio of private credit and alternative income assets, combining transparent asset backing and disciplined credit selection

Yield strategy

The allocation spans diversified private credit and alternative income strategies selected for income generation and credit quality. Combining multiple credit segments helps balance yield potential with portfolio diversification.

Risk considerations

nWISDOM invests in private credit and alternative income strategies, which may involve longer settlement cycles and less frequent valuation updates. Risks include borrower default, reduced liquidity relative to public markets, and reliance on manager credit selection. Performance may be influenced by broader credit cycles, interest rate conditions, and macroeconomic factors.

Vault composition

nACRDX

Plume ACRDX Vault

The vault takes stablecoin deposits and allocates them into tokenized exposure to Apollo’s diversified global credit strategy, spanning direct corporate lending, asset-backed lending, and dislocated credit across public and private markets. In return, depositors receive nACRDX, a vault token representing their share of the portfolio. Income generated by the underlying credit exposures is reflected directly in the nACRDX token price rather than distributed — providing passive exposure to diversified, institutional-grade credit yield. The strategy is designed to deliver consistent income through a diversified mix of public and private credit, combining institutional execution and transparent asset backing.

Yield strategy

The allocation spans Apollo’s diversified global credit strategy across direct corporate lending, asset-backed lending, and dislocated credit. This mix is designed to generate consistent income through institutional public and private credit exposure while diversifying across multiple credit segments.

Risk considerations

nACRDX invests across public and private credit, so risks include borrower defaults, reduced liquidity, valuation uncertainty in less liquid positions, and changing macroeconomic conditions across corporate and asset-backed credit markets. Apollo’s published strategy materials describe the fund as spanning direct corporate lending, asset-backed lending, and dislocated credit.

Vault composition

nLCRD

Plume Liquid Credit Vault

nLCRD provides on-chain exposure to a single-borrower, short-term payment financing facility, paying a fixed borrow rate on drawn capital. Funds are used to settle completed B2B cross-border payment transactions, with credit extended post-transaction once payment funds have already been sent. This short duration, transaction-backed cash flow structure results in minimal default risk while delivering predictable, high-yield real world credit income without the volatility of any meaningful credit spread exposure.

Vault composition

nFXCF

Plume FalconX CLO Vault

nFXCF is an onchain structured credit vault offering exposure to institutional-grade digital asset credit. Loans are originated through FalconX’s prime brokerage platform, where borrowers pledge their full account holdings as collateral against extended credit.

Each loan is fully overcollateralized and further protected by an equity tranche that absorbs first losses. An automated liquidation engine continuously monitors risk and enforces collateral thresholds.

Loan selection and portfolio construction are managed by M11 Credit, ensuring disciplined underwriting and access to a curated borrower base. The structure is designed to deliver stable, risk-adjusted yield backed by institutional counterparties and robust credit safeguards.

Yield strategy

Yield is generated from overcollateralized institutional loans originated via FalconX’s prime brokerage platform. Borrowers pledge their full account balances as collateral, while M11 Credit actively selects and manages the loan portfolio to optimize risk-adjusted returns.

Risk considerations

Key risks include borrower default during extreme market volatility, collateral liquidation slippage, and counterparty exposure to FalconX and underlying borrowers.

Vault composition

nCLOA

Plume BlackRock iShares AAA CLO Active ETF Vault

The vault takes stablecoin deposits and allocates them into tokenized exposure to BlackRock's iShares AAA CLO Active ETF (CLOA), an actively managed fund that seeks to provide capital preservation and current income by investing primarily in USD-denominated AAA-rated collateralized loan obligations (CLOs).

A CLO is a securitization backed by a diversified pool of senior secured corporate loans that are typically floating-rate. The pool's cash flows are split into tranches of varying seniority, with the AAA tranche sitting at the top of the capital stack. Subordinated tranches below AAA absorb any losses ahead of it. CLOA targets this most senior layer, which has historically offered higher yield than comparably-rated investment grade corporate bonds with low interest rate sensitivity.

The strategy is designed to deliver floating-rate yield from a diversified pool of AAA-rated CLO tranches managed by BlackRock's Global Fundamental Credit team.

Income generated by the underlying CLO holdings is automatically reinvested into the vault, with returns reflected directly in the vault token price rather than distributed, providing passive exposure to senior secured corporate credit income.

Yield strategy

Income flows from interest payments of the underlying senior secured corporate loans, with the senior tranche paid first from the pool's cash flows ahead of subordinated investors. The floating-rate structure resets yield as short-term rates move, while the senior position in the capital stack limits exposure to credit losses from the underlying loan pool.

Risk considerations

CLOA is exposed to U.S. dollar-denominated AAA-rated CLO tranches, where performance depends on the credit performance of the underlying senior secured corporate loans and the structural protections built into each CLO. Risks may include credit losses on underlying loans, downgrades of CLO tranches, and reduced liquidity in the CLO secondary market. Although CLOA invests principally in AAA-rated tranches, AAA ratings do not constitute a guarantee of credit quality and may be downgraded.

Vault composition

nAXI

Plume AXI Vault

nAXI provides real-time financing for global payment flows, replacing the need for traditional pre-funding requirements and offering increased capital efficiency for Money Service Businesses. This vault leverages AXI's proprietary InterFi infrastructure and native payment integrations to deliver fiat and stablecoin liquidity precisely where and when it's needed, enhancing speed, flexibility, and control, all while delivering a strong risk-adjusted yield to lenders.

Vault composition