Plume launches nBND vault backed by Fidelity Total Bond ETF
- —nBND vault is backed by Fidelity Total Bond ETF (FBND) with ~$28B in assets
- —FBND carries a 0.36% expense ratio and yields around 4.88%
- —The vault runs on Plume's Nest protocol and issues a receipt token onchain
- —It grew out of a Plume-ether.fi partnership: $25M initial deployment, $100M target
Why it matters: It expands tokenization of traditional bonds for institutions, intensifying competition in the RWA market.
Source: Crypto Briefing