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Plume launches an onchain vault backed by a Fidelity bond ETF

The vault structure uses shares of an actively managed ETF instead of short-dated Treasuries, shifting exposure toward credit and duration.

Reported · Written up by our desk · Market Structure

Plume has launched the nBND tokenized vault, backed by Fidelity's bond ETF, according to The Defiant.

The nBND vault holds shares of an actively managed ETF rather than short-dated Treasuries.

The outlet said the approach pushes onchain fixed income into credit and duration instead of only targeting shorter-term Treasuries.

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