Allegiance Oil & Gas with Over $1B in AUM Offers First Mineral Vault on Plume Network
San Francisco, CA, US, September 11th, 2024, Chainwire
Plume Network, the first modular EVM chain built to bring any real world asset (RWA) onchain, is proud to launch on Plume the Mineral Vault fund (“Mineral Vault”) of the Allegiance Oil & Gas family of companies, which holds over $1 billion in assets under management (AUM). This deployment simplifies the complexities of mineral interest management while also opening new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi infrastructure, users on both Plume and Mineral Vault will benefit from increased liquidity, streamlined portfolio management processes, and enhanced transparency.
“Our partnership with Mineral Vault and Allegiance Oil & Gas represents a major step forward in reshaping how the energy industry manages assets.” Chris Yin, Plume CEO/Co-Founder, commented. “Plume is committed to building the ecosystem and technologies that simplify and incentivize investors and institutions across all industries to create new capital, starting with oil/gas, which holds one of the longest-traded, most lucrative commodities.”
Background on Mineral Vault
The U.S. is unique in allowing mass private ownership of mineral interests, historically limiting global investment to U.S. investors. However, the introduction of Mineral Vault’s tokenization opens this lucrative asset class to investors worldwide. This innovation simplifies global access to mineral interests, bypassing the complexities of traditional assets and crypto’s volatility.
Mineral interests, unlike speculative cryptocurrencies, are tied to commodities and offer stability and diversification. Mineral Vault’s launch represents a significant opportunity to diversify into RWAs and enter the emerging onchain commodities market, which currently has limited options.
Tokenizing mineral interests provides a stable investment, offering financial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gas in the U.S.
Why Plume Is The Exact Fit For Mineral Vault
Allegiance Oil & Gas chose Plume Network for this initiative due to its robust and scalable RWAfi infrastructure, specifically designed to support the tokenization and management of RWAs from a crypto-first approach integrated into a TradFi framework. Plume’s platform streamlines the end-to-end process of tokenization from compliance features, deploying digital assets, and a cohesive RWAfi ecosystem.
“We are thrilled to partner with Plume Network for the launch of Mineral Vault. Plume’s cutting-edge technology and modular infrastructure perfectly align with our vision to revolutionize mineral interest management. This collaboration will not only enhance liquidity and transparency but also broaden investment access to a global audience, setting a new standard in the industry.” Blake Morgan, CEO of Mineral Vault.
By offering access to a broader range of investors, Plume Network enables greater market participation and liquidity. This democratization of investment opportunities aligns with Plume’s long-term vision of leading the tokenization of real-world assets and transforming how these assets are managed and traded through RWAfi.
About Mineral Vault
Mineral Vault is the first ever attempt to tokenize mineral interests, created by the principals of the Allegiance Oil & Gas family of companies, having over $1B in AUM and specializing in high-quality investment opportunities in the mineral rights sector. The Mineral Vault I token represents a pioneering effort to leverage Plume’s RWAfi infrastructure for the tokenization of mineral interests, offering global investors a secure and transparent way to invest in this valuable asset class.
About Plume Network
Plume is the first modular real world finance (RWAfi) blockchain dedicated to all RWAs that integrates tokenization and compliance providers directly into the chain. Their mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAfis. In addition, Plume enables RWAfi composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs. Users can learn more on their website and social media: https://linktr.ee/plume_network.