Plume Brings Actively Managed Fidelity Bond ETF to Blockchain

The launch of nBND represents a departure from the Treasury bill and money-market instruments that have dominated the tokenized bond market to date. By utilizing FBND, which invests in a mix of investment-grade corporate debt, emerging-market securities, and government bonds, Plume aims to satisfy institutional demand for more complex, actively managed yield strategies. CEO Chris Yin noted that while short-duration assets served as the entry point for onchain finance, market participants are now seeking greater portfolio depth.

Fidelity, through its head of Digital Asset Management Cynthia Lo Bessette, confirmed its involvement in the project, signaling a potential pipeline for additional tokenized financial products. The structure of the vault relies on holding shares of the traditional ETF, which has an expense ratio of 0.36% and an inception date of October 2014. Despite the scale of the underlying Fidelity fund, Plume has not disclosed the specific volume of capital currently held within the nBND vault.

Plume continues to expand its regulatory footprint to support these products. The firm currently operates under a U.S. SEC transfer-agent registration through its Kimber Transfer Agency unit and maintains a digital asset business license from the Bermuda Monetary Authority. These compliance efforts follow recent collaborations with firms such as Bitwise and Invesco, as well as a proof-of-concept project with Shinhan Asset Management.