
Plume Opens Onchain Access to Fidelity’s $28B Bond ETF Through New nBND Vault
Plume has launched nBND, a new tokenized vault that provides onchain access to the $28 billion Fidelity Total Bond ETF (FBND). Unlike existing RWA products that focus primarily on short-term U.S. Treasury bills, this vault introduces exposure to an actively managed portfolio containing government, corporate, and mortgage-backed bonds. The structure functions by holding the traditional ETF as the primary reserve asset, effectively bridging traditional fixed-income markets with blockchain-based financial applications. This development marks a strategic shift in the RWA sector, moving beyond simple cash-equivalent products toward more complex, diversified bond strategies. Plume CEO Chris Yin noted that institutional investors are increasingly seeking duration and active management capabilities onchain. As the tokenized Treasury market has grown to $15 billion, this integration aims to capture demand for programmable fixed-income assets. The success of the nBND vault will ultimately depend on its adoption rate and the utility of its tokenized positions within decentralized finance ecosystems.










