Plume Network plans to tokenize approximately $1.25 billion in real-world assets by Q4

RWA L2 network Plume Network announced plans to tokenize about $1.25 billion worth of real-world assets and provide holders with the opportunity to earn yield in the process, the company said in a statement. A Plume Network spokesperson said the goal is to tokenize assets including "solar farms, private credit, Medicaid-backed invoices and mineral rights" so that investors can access these assets by the fourth quarter. The person added that Plume Network hopes to "ultimately" tokenize $3 billion worth of assets. Plume Network said that the yield assets it intends to tokenize include $500 million private credit fund Credbull, $300 million Plural Energy solar farms, some oil and gas mineral rights, and $120 million worth of Medicaid claims. (The Block)