Plume Launches Tokenized Vault Backed by Fidelity Bond ETF
Plume's new nBND vault tokenizes shares of Fidelity's Total Bond ETF, extending its push to bring institutional fixed-income assets on-chain.
Plume, an open finance platform focused on institutional assets, has launched a new tokenized vault tied to the Fidelity Total Bond ETF (NASDAQ: FBND), advancing efforts to integrate traditional fixed-income instruments into blockchain-based finance infrastructure.
The nBND vault holds shares of FBND, an actively managed exchange-traded fund that allocates across investment-grade bonds, high-yield debt, and emerging markets securities. By wrapping the ETF in a tokenized structure, Plume aims to make exposure to diversified bond markets accessible through on-chain mechanisms typically associated with digital assets.
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The move reflects a broader industry trend in which financial technology firms are racing to tokenize conventional assets — ranging from Treasury bills to corporate credit — as institutional appetite for blockchain-based financial products grows. Tokenization proponents argue the technology can improve settlement efficiency, expand market access, and enable programmable compliance.
Plume's platform positions itself at the intersection of traditional capital markets and decentralized finance, targeting institutional participants seeking regulated, asset-backed on-chain products. The nBND vault represents one of the more concrete examples of an actively managed ETF being used as the underlying collateral in a tokenized wrapper.
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