A $28 Billion Bond Giant Gets a Blockchain Wrapper A roughly $28 billion Fidelity bond ETF just acquired a blockchain doorway, but almost none of that mountain of money walked through
- Plume has launched nBND, a token that provides on-chain exposure to Fidelity's $28 billion Total Bond ETF (FBND), though the underlying assets remain off-chain.
- The nBND token functions as a receipt for shares held in a vault, aiming to bring diversified, actively managed bond exposure into DeFi as programmable collateral.
- Despite the significant size of the underlying ETF, the on-chain experiment began with minimal assets, highlighting the early stage of institutional adoption for such tokenized products.
Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending
Tags: #plume #fidelity #tokenizedbonds #nfbnd #blockchainwrapper #defi #institutionalinvestors #nestprotocol #bondetf
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