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Plume wins Bermuda Class M license for onchain vault manager

2026-05-21 23:40:39

Plume secured a Class M digital asset business license from the Bermuda Monetary Authority for Kimber Digital Assets Bermuda ISAC Ltd., enabling what Plume called the first regulated onchain vault manager. The approval places KDAB under prudential oversight and allows permissionless distribution of vault tokens to users with an internet connection and a stablecoin. Plume said vault products under the new license will be announced in the coming days and weeks.

PLUME16.75%

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