Plume Brings Fidelity Bond ETF Exposure On-Chain

Plume launches nBND, a tokenized bond vault backed by Fidelity Total Bond ETF, expanding on-chain access to diversified fixed-income assets.

Plume has launched nBND, a tokenized vault backed mainly by Fidelity Total Bond ETF, known as FBND. The product provides on-chain investors with wider exposure to fixed-income investments via blockchain-based investment infrastructure. Furthermore, the launch is not limited to short-duration Treasury products, but extends Plume’s tokenized asset offering.

Plume Expands On-Chain Access to Broader Bond Markets

FBND is a Fidelity Investments actively managed exchange-traded fund. The fund primarily invests in investment-grade, high-yield, and emerging market debt markets. Thus, nBND provides on-chain capital allocators with a more comprehensive bond portfolio in a tokenized format.

Introducing nBND, a Plume Vault backed by Fidelity Total Bond ETF (FBND). FBND is an actively managed ETF investing primarily in investment-grade, high yield, and emerging markets debt.

Onchain investment solutions started with short-duration Treasuries. Now, capital allocators… pic.twitter.com/vaCeAaOBpQ

— Plume (@plumenetwork) October 5, 2026

In the past, most on-chain fixed-income products were centered around short-duration Treasuries and money-market assets. But institutional investors are increasingly looking for longer duration and active investment strategies. In response to this demand, Plume says nBND is introducing legacy bond exposure to blockchain infrastructure.

Related reading: BlackRock and Ondo Launch Tokenized ETF Portfolios | Live Bitcoin News 

The launch also marks an increase in collaboration between crypto-native platforms and traditional financial institutions. Plume thinks that this partnership has the potential to merge blockchain technology with traditional investment skills. As such, tokenized financial products may provide investors with increased programmability and expanded portfolio-building capabilities.

Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, discussed the development with Plume co-founder Teddy Pornprinya. Their discussion focused on how investment solutions are increasingly moving onto blockchain networks.

Institutional allocators are looking for duration and active management, said Plume CEO and co-founder Chris Yin. He described short-duration Treasuries as starting points rather than the final destination.

Tokenized Treasuries Growth Highlights Larger Fixed-Income Opportunity

Plume also highlighted that tokenized U.S. Treasuries are expected to see robust growth in 2026. The tokenized Treasury market reportedly grew from $12 billion in April to $15 billion in June. The rise was in just 2 months and underscores growing interest in fixed-income blockchain products.

But tokenized Treasuries are still a small part of the broader global fixed income market. The world of fixed-income securities is valued at over $100 trillion. As a result,  widespread tokenization could provide a huge opportunity for investment products on the blockchain.

The next step will need access to a wide range of assets held by well-established financial institutions, Plume said. These assets can provide a more robust on-chain capital market beyond yield. Additionally, established investment products may provide investors with familiar exposure through programmable blockchain infrastructure.

Collaboration was also a key point made by Fidelity as tokenized assets grow more integrated with the mainstream financial system. Lo Bessette said broader cooperation can expand investment access. Moreover, she mentioned some possible benefits such as custom portfolios, collateral utility, and access to capital.

Importantly, the vault is designed to enable more flexible on-chain capital allocation. Tokenized assets can be used in programmable monetary systems and portfolio strategies.

The launch also marks the growing interest in the traditional financial asset movement onto blockchain networks. Plume will aim to link existing bond exposure to onchain portfolio strategies with nBND. In the meantime, Fidelity’s involvement brings another big financial institution to the burgeoning tokenization ecosystem.