# Plume Launches Vault Tied to Fidelity Total Bond ETF

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/27463
Published: 2026-10-07T14:20:16.000Z
Updated: 2026-10-07T14:20:16.000Z
Section: Business

> The nBND vault uses a receipt token labeled nFBND and holds FBND as its primary reserve asset.

Plume launched the nBND vault on Oct. 5, extending tokenized fixed-income products beyond the short-duration Treasury and money-market products that have dominated early activity.

The vault uses Fidelity Total Bond ETF (FBND) as its primary reserve asset. The vault’s receipt token is labeled nFBND. The token represents a position in the vault holding FBND, while the ETF remains a traditional financial asset traded through brokerage markets.

FBND is an actively managed bond ETF focused primarily on high-quality debt. It normally invests at least 80% of its assets in debt securities and can hold government securities, corporate bonds, mortgage- and asset-backed securities, loans, high-yield bonds and emerging-market debt. Up to 20% of its assets may be allocated to below-investment-grade debt.

FBND’s total annual operating expenses are 0.36%. The fund is listed on NYSE Arca, where individual shares are bought and sold through brokers and dealers in the secondary market.

The blockchain structure is designed to make the fund exposure usable in programmable portfolios and as collateral. Token holders remain one step removed from the underlying ETF shares because their position is held through the vault.

“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,” Chris Yin, CEO and co-founder of Plume, said. “Institutional allocators want duration, and active management, the same building blocks they use offchain.”

Tokenized U.S. Treasurys grew from $12 billion in April to $15 billion in June 2026, while the global fixed-income market exceeds $100 trillion. The figures place the vault within a broader effort to bring traditional debt products onto blockchain-based markets.

Initial on-chain activity was limited. At the time reviewed, nFBND had $48 in on-chain assets on Plume Mainnet. The vault’s initial size, fees, investor eligibility, minimum deposit and redemption terms were not disclosed.

Adoption will depend on liquidity, the terms for entering and exiting the vault, and the token’s usefulness in on-chain applications.