Plume Launches Tokenized Bond Vault Backed by Fidelity ETF
Plume's new nBND vault brings tokenized exposure to Fidelity's Total Bond ETF, marking a step forward in institutional asset digitization.
Plume, an open finance platform focused on institutional assets, has unveiled a new tokenized vault tied to the Fidelity Total Bond ETF (NASDAQ: FBND), expanding its push to bring traditional fixed-income instruments onto blockchain infrastructure. The nBND vault allows users to gain exposure to FBND, an actively managed exchange-traded fund that invests across investment-grade bonds, high-yield debt, and emerging markets securities.
The move reflects a broader industry trend toward tokenizing real-world assets, a process that converts ownership rights in conventional financial instruments into digital tokens that can be managed, transferred, and settled on distributed ledger networks. By anchoring the vault to an established Fidelity product, Plume is signaling institutional credibility at a moment when regulators and asset managers alike are scrutinizing the tokenization space.
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FBND's underlying portfolio spans multiple fixed-income categories, giving the tokenized vault a diversified credit profile rather than single-issuer exposure. That structure may appeal to institutional participants seeking yield diversification through digital rails without abandoning familiar benchmark products from legacy fund managers.
The nBND launch adds to a growing catalog of tokenized financial products as platforms compete to bridge traditional capital markets with decentralized infrastructure. Industry observers note that active ETF tokenization represents a more complex undertaking than simple Treasury-backed tokens, given the dynamic rebalancing inherent in actively managed strategies.
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