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

According to an official announcement from Plume, the network 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. Prior on-chain investment solutions had largely focused on short-duration treasuries, and the launch of nBND marks an extension into longer-duration, actively managed products for institutional-grade assets on-chain. Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, and Plume co-founder Teddy Pornprinya engaged in an in-depth discussion regarding these investment solutions.