Plume has partnered with FalconX to introduce the FALX Structured Credit Facility, a new onchain RWA product offering exposure to overcollateralized prime brokerage loans. The vault is designed to scale up to $1B in capacity, targeting institutional-grade yield strategies in a compliant, programmable format.

The facility is facilitated through Pareto and curated by M11 Credit, allocating capital into a FalconX-managed SPV. It provides exposure to diversified lending activity across quant funds, hedge funds, and asset managers using FalconX’s prime brokerage infrastructure.

The vault is deployed on Plume in collaboration with OpenTrade and is available across Plume, Ethereum, and Solana. It features fixed monthly interest rates, giving investors more predictable yield compared to traditional variable DeFi lending models.

A key upgrade is intra-month subscription support, allowing capital to start earning prorated yield immediately upon entry. M11 Credit acts as administrative and collateral agent, while reporting loan composition and performance metrics across the portfolio.