POPA ReconPlume Launches nBND: A Vault Backed by Fidelity's Bond ETF
Plume Launches nBND: A Vault Backed by Fidelity's Bond ETF Plume has launched nBND, the first tokenized vault that holds Fidelity Total Bond ETF (FBND) as its primary reserve asset. FBND is actively managed and mixes investment-grade, high-yield and emerging-market debt, so it goes well beyond the short-term Treasuries that dominate onchain fixed income today. That's the gap Plume is targeting. Tokenized Treasuries grew from $12B to $15B between April and June, but they're a sliver of a $100T+ global bond market. CEO Chris Yin says allocators now want longer duration and active management, t…
The excerpt is quoted from a public Telegram channel, which owns its text.