Plume launches nBND vault backed by Fidelity Total Bond ETF

Plume has launched a new vault called nBND, backed by Fidelity’s Total Bond ETF (FBND). It is aimed at institutional investors who want tokenized exposure to actively managed bonds. What Plume actually built The vault runs on Nest, Plume’s protocol for packaging real-world assets (RWAs) into tokens. Plume describes its broader infrastructure as a modular Layer-2 blockchain designed for that purpose. The product is formally known as the Nest Fidelity Total Bond ETF Vault, also referenced as nFBND. It issues a receipt token, which works like a coat-check ticket. You hand over capital, and the token proves your claim on the vault’s FBND shares. That receipt token trades on Plume’s own blockchain. Plume is positioning it mainly for institutions that want bond exposure in a compliant and liquid wrapper. Nest vaults are built to accept stablecoin deposits. Rather than routing money through a brokerage account, a user can move digital dollars into the vault and receive programmable exposure to the underlying fund. The fund underneath the token FBND is not a newcomer. Fidelity launched the ETF on October 6, 2014, and it manages approximately $28 billion in assets. The fund carries a 0.36% ...