Plume, the Open Finance platform for institutional assets, launched its new nBND vault. The tokenized vault provides allocators a new onchain investment structure. The vault’s primary reserve asset is the Fidelity Total Bond ETF (FBND). The launch is another step toward broader tokenization in global finance. It also broadens the menu of assets in onchain capital markets. The vault was designed to meet the institutional demand for fixed income assets.
The company said mature onchain capital markets require access to diverse and proven assets. These assets also need management from established financial institutions. Therefore, Plume aims to strengthen the fixed-income market through its new structure. The tokenized vault does more than provide another isolated yield opportunity. Instead, it supports the wider development of institutional-grade onchain finance.
“While the onchain fixed income market was originally concentrated in short-duration Treasuries and money market equivalents, these are the starting points, not the destination. Institutional allocators want duration, and active management, the same building blocks they use offchain,” said Chris Yin, CEO and Co-Founder of Plume.
Tokenized Assets Gain Momentum in Fixed Income
The tokenized U.S. treasuries market has continued to grow in 2026. The market expanded from $12 billion in April 2026 to $15 billion in June. And that in only two months. Still, tokenized U.S. Treasuries are a small slice of the global fixed-income market. The worldwide fixed income market comprises over $100 trillion in assets.
And the industry hopes for a lot more growth if more fixed-income assets are tokenized. And leading asset management executives have also pointed to the potential for wider adoption. That means the market could be a huge opportunity for blockchain-based financial infrastructure. Tokenization can link traditional investment products to programmable digital platforms.
The development also demonstrates the importance of cooperation across financial markets. Digital capabilities and blockchain infrastructure from crypto-native players. In conventional financial institutions, there is market expertise and institutional trust. Together these capabilities can help build stronger onchain capital markets. They can also help expand access to existing investment products.
Fidelity and Plume Support Institutional Onchain Finance
Across the digital asset market, institutional appetite for proven, yield-bearing assets continues to grow. This makes the new nBND Vault meet this demand as an exposure to a traditional fixed income product. The cooperation also demonstrates how financial institutions can be part of the growth of tokenized assets. Companies can combine traditional investment know-how with blockchain infrastructure to build new investment structures.
Programmable financial products can also help to support new portfolio strategies. They can also provide additional flexibility for investors looking for on-chain investment opportunities.
“As tokenized assets and on-chain applications become more integrated into mainstream market infrastructure, a collaborative ecosystem is essential to expanding investment access,” said Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments. “We’re excited to collaborate with Plume to bring financial products on-chain, providing a broader set of investors with access to greater programmability to build custom portfolios, alongside investment solutions that unlock new forms of collateral utility and access to capital.”
The nBND Vault therefore adds another layer to the development of institutional tokenized finance. It combines a traditional fixed-income reserve asset with onchain infrastructure. Plume expects this approach to support the next stage of onchain financial market development. The launch also reflects growing interest in bringing established financial assets onto blockchain networks.
More tokenization could make a broader range of digital investment structures available to institutions. Such structures can link investment assets, portfolio management, the use of collateral and access to capital. The new tokenized vault ultimately strengthens Plume’s commitment to growing Open Finance. It additionally emphasizes the growing link between traditional finance and blockchain-based markets.
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News Source: PRNewswire.com
