NOPAL crosses $100M in AUM, expanding DeFi access through Plume Vaults

Somewhere in Brazil, a merchant swipes a credit card and, within days, the future receivable from that transaction ends up tokenized onchain, earning yield for DeFi investors thousands of miles away. That pipeline just crossed a significant threshold. The Nest BlackOpal LiquidStone II Vault, whose receipt token is nOPAL, has surpassed $100M in assets under management across its multi-chain deployment. Estimates place the figure between roughly $100.5M and $105.8M, spread across Plume mainnet, Ethereum, BNB Chain, Solana, and Avalanche. How Brazilian credit cards became a DeFi yield product Brazilian merchants often face cash flow crunches while waiting for credit card payments to settle. To bridge the gap, they sell those future receivables at a discount to firms like BlackOpal Finance, which has over 25 years of experience in this market and more than $200M in institutional backing. BlackOpal pools those discounted receivables into a structured fund, hedges the currency exposure back to USD, and wraps the whole thing into a vault accessible through Plume’s infrastructure. Investors deposit into the vault, receive nOPAL tokens as receipts, and earn yield generated by the spread bet...