Plume Accelerates Tokenization's Role in Global Finance with nBND Vault
RWA Signal Insight
Active StrategiesPlume has launched the nBND vault, marking the first time the Fidelity Total Bond ETF (FBND) has been utilized as the primary reserve asset for an onchain tokenized vault. This development signals a strategic shift in the RWA market from short-duration Treasury products toward actively managed, duration-focused fixed-income instruments. By integrating a major institutional ETF into its platform, Plume aims to provide investors with the same building blocks used in traditional finance while leveraging blockchain for increased programmability and collateral utility. The move addresses institutional demand for diverse, battle-tested assets beyond the current $15 billion tokenized Treasury market. Fidelity Investments, through its Head of Digital Asset Management Cynthia Lo Bessette, highlighted the collaboration as a key step in integrating tokenized assets into mainstream market infrastructure. Plume CEO Chris Yin emphasized that this expansion is essential for capturing a portion of the $100 trillion global fixed-income market. The initiative underscores the growing synergy between crypto-native platforms and established financial giants to bridge traditional expertise with onchain efficiency.
Key points
- Plume launched the nBND vault backed by the Fidelity Total Bond ETF (FBND).
- The initiative shifts onchain fixed-income focus from short-duration Treasuries to active management.
- Tokenized U.S. Treasuries grew from $12 billion in April 2026 to $15 billion in June.
- Plume's platform serves over 50% of all real-world asset holders.
Background
Plume is an institutional-grade Open Finance platform designed to bring traditional financial assets onto the blockchain. It utilizes non-custodial 'Nest Vaults' to provide global investors with compliant access to assets from major firms like Apollo and WisdomTree. The platform is backed by prominent industry players including Galaxy Digital and Brevan Howard.