Emerging markets in Brazil have long been stuck due to difficulties in credit financing, with merchants' accounts receivable unable to be converted into cash. Now, someone is taking action to solve this pain point.

Plume Network has recently been doing an interesting thing — moving Brazil's credit card accounts receivable onto the blockchain. In simple terms, those accounts receivable that merchants haven't settled yet no longer need to wait for banks to process; they can be directly tokenized through Plume's RWA infrastructure, instantly turning into liquid capital.

How does it work specifically? BlackOpal is leading the charge by launching the GemStone project, which conducts compliant tokenization of Brazil merchants' credit card accounts receivable. Where do investors profit from? It's simple — these tokens are backed by real consumer cash flow, with an annualized return of about 13%. These are not air tokens; they are asset-backed.

Mars Capital Advisors invested $200 million, a significant scale. The key point is that this model uses a truly compliant and transparent mechanism, not a wild scheme. This has great significance for reshaping credit and financing structures in emerging markets. Plume connects global real assets with decentralized finance, taking another big step forward.