Plume Launches nBND Vault Backed by Fidelity Bond ETF Shares
Plume's new nBND vault tokenizes shares of Fidelity's Total Bond ETF, expanding institutional access to fixed-income assets on-chain.
Plume, an open finance platform focused on institutional assets, has introduced a new tokenized vault called nBND, backed by shares of the Fidelity Total Bond ETF (NASDAQ: FBND), the company announced Tuesday from New York.
The FBND fund is an actively managed exchange-traded fund that allocates across investment-grade bonds, high-yield debt, and emerging markets fixed-income securities. By holding shares of that ETF as its underlying collateral, the nBND vault offers on-chain exposure to a diversified debt portfolio without requiring investors to hold the ETF directly through a traditional brokerage account.
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The move represents another step in the broader tokenization trend that has gained momentum across global finance, as institutions seek blockchain-based wrappers for conventional assets such as Treasury bills, money-market funds, and now actively managed bond ETFs. Plume's platform is positioned to serve as infrastructure for this shift, connecting real-world asset classes to decentralized finance protocols.
By anchoring the vault to an established, regulated product like FBND, Plume aims to reduce counterparty uncertainty for institutional participants evaluating tokenized fixed-income exposure. The structure also reflects growing collaboration between legacy asset managers and blockchain-native platforms — a dynamic regulators and market participants have been watching closely.
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