Plume Network (@plumenetwork, $PLUME) ended the third quarter with more than $1 billion in total assets minted and over $220 million locked in its real-world asset (RWA) vaults, up from $73 million at the start of the quarter. The numbers indicate fast growth in the network's vault business over three months.
The nOPAL vault, which is backed by Brazilian credit card payments, expanded from $25 million to more than $100 million over the same stretch. Plume's vault dashboard currently shows the underlying BlackOpal LiquidStone II vault, which issues the nOPAL token, with roughly $111.9 million in total value locked.
How the nOPAL Vault Works
Crypto Briefing reports that BlackOpal Finance originates and structures the receivables, and Plume packages them into the nOPAL vault. Investors can get in by depositing USDC or pUSD, and the vault issues a token representing their share of the pool. The outlet also reported that the vault offers a tokenized share of receivables from Brazilian credit card transactions settled through Visa and Mastercard networks.
Plume has also been engaging with US regulators. Crypto Briefing reported that the company submitted a regulatory framework for onchain vaults to the SEC's Crypto Task Force, and that Plume Vaults held about $226 million in total value locked as of October 21, 2026.
Institutional Partnerships in the Quarter
Plume also signed a memorandum of understanding with South Korea's Shinhan Asset Management on August 14 to develop a proof-of-concept tokenized fund denominated in Korean won. According to Shinhan's press release, the MOU is limited to a proof of concept and will currently run only in offshore markets. The fund will use a won ultra-short-term bond fund as its underlying asset, and the project will benchmark BlackRock's BUIDL tokenized fund model, according to CoinsPaid Media.
Plume has also joined the DTCC Digital Assets Solutions Industry Working Group. Crypto.news reports that the group includes Charles Schwab, Nasdaq and Alpaca. DTCC formed the group to collect input from asset managers, banks, brokers, exchanges, custodians and blockchain companies. The same report notes that DTCC has not published a Plume-specific task, network connection or tokenized asset launch, so the practical outcome of the membership remains to be seen. @Ondo is also part of the DTCC working group.
For the fourth quarter, Plume plans to push further into niche assets that are hard to access in traditional markets.
Sources
Crypto Briefing: Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables
PR Newswire: Shinhan Asset Management signs MOU with Plume
Crypto.news: Plume joins DTCC group with Nasdaq and Schwab
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