Plume has launched nBND, a tokenized vault backed primarily by the Fidelity Total Bond ETF (FBND). Plume is an open finance platform for institutional assets, while Fidelity is a U.S. asset manager offering investment products and financial services.
The new vault gives investors access to a tokenized fixed-income product based on an established bond fund. Plume says the launch is aimed at expanding the range of assets available in onchain capital markets.