nLCRD, issued by Kimber Labs Inc. (d/b/a Plume Network Inc.) [S1], is a tokenized vault interest representing a share in a non-custodial onchain strategy that allocates stablecoin deposits to institutional credit assets and accrues yield to the holder [S1].

Holders receive an ERC-20 vault share whose value accrues through net asset value (NAV) pricing rather than distributions, updated by an automated hourly process [S2][S3]. The vault is described as an asset-backed loan overcollateralised by receivables into a ring-fenced special purpose vehicle, with liquidity used to provide short-term financing for cross-border payments, carrying a target APY of 20 percent [S4]. Queued redemptions continue to accrue yield until settlement; instant redemptions incur a fee typically between 0.1 percent and 0.5 percent [S5].

The protocol is developed and operated by Kimber Labs Inc. (d/b/a Plume Network Inc.) [S1], with the holder's claim taking the form of an onchain vault share recorded by smart contracts that hold assets non-custodially [S1][S3]. Underlying assets and cash are held by third-party custodians such as BNY Mellon, and certain structures use bankruptcy-remote vehicles and predefined payment waterfalls prioritizing investor claims [S6]. Access is restricted in sanctioned jurisdictions and is enforced through onchain AML screening using Plume's system, without traditional KYC or personal information collection [S7].

Vault shares are ERC-20 tokens using six decimals, deployed across Plume, Ethereum, and Solana via omnichain fungible token contracts [S3][S8]. Deposits and redemptions settle in stablecoins, accepting USDC and pUSD on Plume and USDC on Ethereum [S8]. NAV is calculated from total asset value across operating chains and republished hourly with safeguards against pricing errors [S2].

<Sources
  retrievedAt="2026-06-30"
  items={[
    { id: "S1", url: "https://docs.nest.credit/" },
    { id: "S2", url: "https://docs.nest.credit/about/vaults" },
    { id: "S3", url: "https://docs.nest.credit/developers/smart-contracts" },
    { id: "S4", url: "https://nest.credit/" },
    { id: "S5", url: "https://docs.nest.credit/about/liquidity-and-redemptions" },
    { id: "S6", url: "https://docs.nest.credit/about/asset-selection" },
    { id: "S7", url: "https://docs.nest.credit/support/faq" },
    { id: "S8", url: "https://docs.nest.credit/developers/integration-guides/ntbill/" },
  ]}
/>


Tokenized funds

Users deposit stablecoins into Plume Vaults and receive ERC-20 vault tokens whose NAV appreciates as the underlying yield strategy accrues. Fund managers and institutional partners (BlackRock, Apollo, WisdomTree, Hamilton Lane, Goldfinch) curate the strategies.

Plume Vaults operates a suite of yield-bearing vault tokens (nTBILL, nALPHA, nBASIS, nCREDIT, nWISDOM, nACRDX, nOPAL, nPERENA, nLCRD, nSCOPE) backed by audited offchain assets including U.S. Treasuries, private credit, and structured DeFi strategies. The platform rebranded from Nest to Plume Vaults, and the vault tokens keep the n- prefix from the Nest era.

Plume Vaults (Nest) is Plume Network's flagship RWA-staking protocol, giving users onchain access to institutional-grade yield through structured, non-custodial vaults.

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Real-world asset (RWA) issuers

Plume Vaults

Liquid Credit Plume Vault (nLCRD) is a tokenized fund share issued by Plume Vaults through Nest DAO LLC.

The fund is open-ended and invests in U.S. private credit.

Retail investors can mint and redeem directly with Plume Vaults in USDC and pUSD, and holders have a right to redeem at net asset value with monthly settlement.

Nest DAO LLC is incorporated in the Marshall Islands.

nLCRD has been issued on public blockchains since January 2026 and is native to Solana, Ethereum, and Plume Network.

Liquid Credit Plume VaultnLCRD

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