Plume Network launches nFBND vault tied to Fidelity's Total Bond ETF
- —The vault runs through Nest, Plume's asset-management protocol
- —Each nFBND token represents an onchain claim on FBND shares held by the vault
- —FBND managed about $26.6 billion as of June 30, 2026
- —The fund carries a 0.36% expense ratio; initial vault assets were in the low single-digit millions
Why it matters: Tokenizing a major active bond fund broadens DeFi access to fixed income, though early volumes remain modest.
Source: Crypto Briefing