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Nest BlackOpal LiquidStone II Vault

(NOPAL)

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Onchain Marketcap$12.32m

Active Marketcap$12.32m

DeFi Active TVL$2.29m

NOPAL Price$1.06

Chains5

Native Yield10.01%

Token Properties

CategoryRWA Wrappers,Private Credit

Asset ClassTrade Finance,Active Vault

TypeWrapper

RWA ClassificationProgrammable Finance

Access ModelPermissionless

Parent PlatformNest Credit

Classification

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Issuer Information

IssuerNest DAO LLC

Registry InformationNest DAO LLC – legal address 852 Lagoon Road, Majuro, 96960, Marshall Islands, Legal Entity Identifier (LEI) 254900BB9T1QYAT04892 (status: ISSUED; managing LOU: Bloomberg Finance L.P.; next renewal date: 2026-10-14).

Sourcehttps://www.lei-lookup.com/record/254900BB9T1QYAT04892

Attestations

Date of Last AttestationNot publicly disclosed

Attestation FrequencyNot publicly disclosed

Notes

nOPAL is the receipt token for Nest’s BlackOpal vault providing tokenized exposure to Brazilian credit card receivables via LiquidStone II, where merchants receive upfront liquidity and returns accrue as receivables settle through card payment rails. Plume describes the vault as offering 24/7 redemptions, USD-hedged exposure, and a liquidity design that holds roughly half the vault in “blue-chip DeFi protocols” to support smooth withdrawals. The Nest vault page also indicates the allocation is primarily LiquidStone II (99.53%) with a small sleeve in Nest Treasury Vault (0.47%).