Plume Launches nBND: First On-Chain Vault Backed by an Actively Managed Bond ETF from Fidelity

On October 05, according to an official announcement from Plume, Plume has officially launched nBND, an on-chain vault product backed by the Fidelity Total Bond ETF (FBND). FBND is an actively managed ETF that primarily invests in investment-grade bonds, high-yield bonds, and emerging market debt. Previously, on-chain investment solutions largely focused on short-duration Treasuries, and the launch of nBND marks an extension of bringing institutional-grade assets on-chain into longer-duration and actively managed products. Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, engaged in an in-depth discussion with Plume co-founder Teddy Pornprinya regarding relevant investment solutions.