Plume introduced nBND on October 5, a blockchain receipt token providing exposure to Fidelity's $28 billion Total Bond ETF (FBND). However, the ETF itself remains offchain, with only about $48 in assets actually on the blockchain shortly after launch. This token wraps shares held in a Nest vault rather than tokenizing the ETF directly. The move aims to extend onchain fixed income beyond short-term Treasuries, offering institutional investors access to actively managed bond portfolios via blockchain. Despite the large headline figure, the actual onchain participation is minimal at launch, leaving the experiment in its early stages.
The launch of Plume's nBND token linked to Fidelity's $28 billion bond ETF provides a new onchain fixed income option. For readers following the broader digital asset market, here is Pluang's market snapshot as of Oct 06, 2026 05:32 WIB: out of 50 major cryptocurrencies, 31 rose and 18 fell. Notable movers include ZIL (Zilliqa) at Rp65 with a 4.21% increase and 100% buy order activity, COTI at Rp257 up 4.15% with 64% sell orders, and BAT (Basic Attention Token) at Rp1,895 rising 3.14% with 56% sell orders.
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