Plume launches nBND vault backed by Fidelity Total Bond ETF
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Plume launched nBND on October 5 as an onchain vault backed primarily by Fidelity’s Total Bond ETF, giving allocators access to a tokenized fixed-income product. The vault is framed as extending onchain fixed income beyond short-duration Treasuries and money-market products, and into actively managed bond exposure.
Key claims & sources
What it means
Allocators who already use Plume’s tokenized asset setup now have access to a fixed-income vault backed primarily by Fidelity’s Total Bond ETF. That matters most to people looking for onchain fixed-income exposure beyond short-duration Treasury products, because this vault is built around a different kind of bond fund.
Before this launch, the onchain fixed-income products described here were centered on short-dated Treasuries and money-market products. With nBND, the product structure now holds shares of an actively managed ETF instead, while the broader setup remains an onchain vault on Plume.
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