Plume has launched a vault called nBND backed by Fidelity Total Bond ETF (FBND), enabling institutional investors to gain tokenized exposure to actively managed bonds. Built on Plume’s Nest protocol, the product issues receipt tokens representing ownership of shares in the underlying fund. FBND manages approximately 28 billion dollars in assets with a yield of around 4.88% and a 0.36% expense ratio. The product stems from a partnership between Plume and ether.fi formed in June 2026, within which the Etherfi Liquid RWA vault launched with an initial deployment of 25 million dollars and a target of 100 million dollars.
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