Plume Launches nBND Vault Backed by Fidelity Bond ETF Shares
Plume's new nBND vault tokenizes shares of Fidelity's Total Bond ETF, expanding its institutional asset platform into fixed-income markets.
Plume, an open finance platform focused on institutional assets, announced the launch of a new tokenized vault called nBND, which holds shares of the Fidelity Total Bond ETF (NASDAQ: FBND). The move marks a significant step in the broader effort to bring traditional fixed-income instruments onto blockchain-based infrastructure accessible to institutional participants.
The Fidelity Total Bond ETF at the center of the vault is an actively managed fund that invests primarily across investment-grade bonds, high-yield debt, and emerging markets debt securities — a diversified fixed-income profile that institutional investors have long favored for yield and risk management. By wrapping those shares in a tokenized vault, Plume allows holders to interact with the underlying exposure through on-chain mechanisms.
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The nBND vault is part of Plume's broader strategy to accelerate the tokenization of real-world assets in global finance. Tokenization — the process of representing ownership in traditional assets as digital tokens on a blockchain — has gained momentum among financial institutions seeking greater settlement efficiency, fractional access, and programmable asset management.
The announcement underscores a growing convergence between established asset managers like Fidelity and decentralized finance infrastructure providers. While Fidelity itself is not a party to Plume's vault structure, the use of its widely held ETF as collateral signals that tokenization platforms are increasingly anchoring their products to recognizable, regulated instruments to build institutional credibility.
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