Plume launches nBND vault backed by Fidelity Total Bond ETF

Plume: Plume is the Open Finance platform for institutional assets focused on tokenization of real-world assets. It has launched the nBND vault providing allocators with access to a tokenized product backed by the Fidelity Total Bond ETF. This supports development of a robust onchain fixed-income market emphasizing duration and active management. Chris Yin: Chris Yin is CEO and Co-Founder of Plume. He stated that onchain fixed income must advance beyond short-duration Treasuries to deliver duration and active management demanded by institutions. His leadership drives Plume's initiatives to bridge blockchain infrastructure with traditional finance expertise. Teddy Pornprinya: Teddy Pornprinya is a co-founder of Plume. He engaged with Cynthia Lo Bessette of Fidelity Investments on onchain investment solutions in a recent discussion. This reflects his involvement in advancing tokenization through institutional collaborations. Cynthia Lo Bessette: Cynthia Lo Bessette is Head of Digital Asset Management at Fidelity Investments. She discussed moving investment solutions onchain with Plume co-founder Teddy Pornprinya, emphasizing collaboration to integrate tokenized assets into mainstream infrastructure. Her role highlights Fidelity's efforts to expand access and utility for investors through onchain products. Fidelity Investments: Fidelity Investments is a major traditional asset manager offering actively managed ETFs such as FBND, which invests in investment-grade, high yield, and emerging markets debt. Through its digital assets initiatives, it is collaborating with Plume to bring financial products on-chain. This partnership enables broader investor access and programmability for tokenized assets. Market Evolution: Onchain capital markets are progressing from short-duration Treasuries toward longer-duration and actively managed fixed-income products to match institutional preferences. Product Innovation: Tokenized vaults like nBND enable greater programmability, custom portfolio construction, and new forms of collateral utility for yield-bearing assets. Industry Collaboration: Partnerships between crypto-native platforms and traditional financial institutions are essential for bridging blockchain infrastructure with established expertise and trust in global finance.