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Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables

Crypto Briefing July 22, 2026

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Searching... Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables Plume Network brings Brazilian credit card

receivables onchain with yields up to 12% APY, no KYC required Share Add us on Google by Editorial Team Jul. 22, 2026

Plume Network’s nOPAL vault is now live on Avalanche, giving DeFi users access to foreign exchange-hedged

Brazilian credit card receivables. The product offers yields in the 8% to 12% APY range depending on market conditions,

with no KYC requirements and no redemption fees. What nOPAL actually does When Brazilian consumers swipe their credit

cards, the merchants who accepted those payments are owed money. Those future payments, or receivables, can be bundled

and sold to investors as a form of short-duration credit. The FX hedging part means the currency risk between Brazilian

reais and US dollars is managed, so investors aren’t accidentally betting on emerging market forex. BlackOpal

Finance handles the origination and structuring of those underlying receivables. Plume Network then wraps them into the

nOPAL vault, which users can access by depositing USDC or pUSD through Plume’s Nest platform. The vault mints a

token representing the investor’s share of the pool. Advertisement On Plume’s own mainnet, the nOPAL pool

has accumulated approximately $42.7 million in total value locked, with a supply APY sitting around 8.4%. The Avalanche

deployment now extends that same product to a new blockchain ecosystem. Why Avalanche, and why now This isn’t

nOPAL’s first cross-chain rodeo. The vault was already operational on Plume’s mainnet and on Solana before

making the jump to Avalanche. For Plume, launching on Avalanche complements BlackOpal Finance’s existing

LiquidStone II Vault. Plume Network launched its mainnet in June 2025 with $150 million in real-world assets deployed

from day one. The broader RWA context The nOPAL vault targets Brazilian consumer credit, a market that has historically

been difficult for international investors to access efficiently. The combination of tokenization, FX hedging, and

permissionless access removes several friction points at once. While many institutional RWA products require identity

verification, nOPAL allows deposits without KYC and charges no redemption fees, positioning it toward DeFi-native users.

What this means for investors The yield is generated from real economic activity, specifically Brazilian consumers

paying their credit card bills. That’s fundamentally different from yields generated through token emissions or

liquidity mining. 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. 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. The $42.7 million TVL on Plume’s

mainnet suggests meaningful adoption, but investors are taking emerging market credit risk. Disclosure: This article was

edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy. TECHNOLOGY

Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables Plume Network brings Brazilian credit card receivables

onchain with yields up to 12% APY, no KYC required by Editorial Team Jul. 22, 2026 Share Add us on Google Plume

Network’s nOPAL vault is now live on Avalanche, giving DeFi users access to foreign exchange-hedged Brazilian

credit card receivables. The product offers yields in the 8% to 12% APY range depending on market conditions, with no

KYC requirements and no redemption fees. What nOPAL actually does When Brazilian consumers swipe their credit cards, the

merchants who accepted those payments are owed money. Those future payments, or receivables, can be bundled and sold to

investors as a form of short-duration credit. The FX hedging part means the currency risk between Brazilian reais and US

dollars is managed, so investors aren’t accidentally betting on emerging market forex. BlackOpal Finance handles

the origination and structuring of those underlying receivables. Plume Network then wraps them into the nOPAL vault,

which users can access by depositing USDC or pUSD through Plume’s Nest platform. The vault mints a token

representing the investor’s share of the pool. Advertisement On Plume’s own mainnet, the nOPAL pool has

accumulated approximately $42.7 million in total value locked, with a supply APY sitting around 8.4%. The Avalanche