Avalanche Adds Tokenized Brazilian Credit Market

nOPAL Vault Brings Brazilian Credit Onchain

Avalanche has added another real-world asset product to its growing institutional lineup. Plume Network's nOPAL vault is now live on Avalanche, offering investors onchain access to tokenized Brazilian credit card receivables issued by BlackOpal Finance.

The nOPAL vault represents a tokenized share of BlackOpal Finance's LiquidStone II Vault, which purchases future receivables derived from Brazilian credit card transactions settling through Visa and Mastercard networks. BlackOpal purchases those future receivables from merchants at a discount, with the sale registered in Brazil's Central Bank C3 Registry, and collections flow automatically through Visa and Mastercard settlement rails.

Plume Network wraps those receivables into the nOPAL vault, which users can access by depositing USDC or pUSD through Plume's Nest platform. The yield is generated by card payment settlements through Brazil's existing financial infrastructure, not crypto incentives, which sets the product apart from most onchain yield strategies.

The vault was already operational on Plume's mainnet and on Solana before expanding to Avalanche. On Plume's own mainnet, the nOPAL pool has accumulated approximately $42.7 million in total value locked, with a supply APY of around 8.4%.

Avalanche Deepens Its Institutional RWA Push

The nOPAL deployment is the latest in a string of institutional moves on Avalanche. Earlier this month, Bridgetower tokenized more than $11 billion in production-linked real-world assets on the network, including the Arizona Copper-Gold project, pushing Avalanche into the top five blockchains by net RWA inflows according to RWA.xyz.

BlackOpal Finance brings more than 25 years of credit market experience and over $200 million in institutional backing to the structure. Credit card receivables carry default risk, and Brazilian macroeconomic conditions, interest rate policy, and consumer spending patterns all feed into the quality of the underlying assets. Investors should weigh those factors before allocating.

For Avalanche, the launch adds consumer credit yield to an ecosystem that has largely centred on tokenized treasuries and money market instruments, broadening the range of institutional-grade products available onchain.

Sources:
Crypto Briefing: Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables
Plume Network: nOPAL is Now Live on Pendle
Crypto News: Avalanche lands $11B Bridgetower deal as RWA assets hit $2.1B