Plume subsidiary receives Bermuda BMA compliance license, ushering in a trillion-dollar era of on-chain asset management.

ME News, May 21 (UTC+8) – Plume, the world's leading open finance platform for institutional assets, announced that its subsidiary, Kimber Digital Assets Bermuda (KDAB), has officially obtained a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA). This milestone marks Plume's formal entry into the ranks of top-tier compliant financial institutions such as Circle and Coinbase, and the launch of the world's first large-scale, regulated on-chain asset vault.

The On-Chain Evolution of ETFs: Inclusive Global Investors Plume's KDAB vault is seen as the "on-chain evolution of the ETF model." While the advent of ETFs in the 1990s democratized investment, Plume brings this model into the Web3 era through the Nest Protocol. Users can access compliant financial products backed by high-quality assets from mainstream markets such as the U.S. and Hong Kong, anytime and anywhere globally, using just a smartphone and stablecoins—without needing a traditional securities brokerage account.

Financial-Grade Regulation and Security Framework Based on Bermuda's advanced Digital Asset Business Act 2018, the KDAB vault employs an innovative Incorporated Segregated Account (ISA) structure, ensuring legally mandated bankruptcy isolation and asset security. Additionally, KDAB introduces continuous cryptographic verification of collateral proof provided by Bluprynt, and implements protocol-level AML screening embedded directly into tokens, achieving exceptional performance in intercepting illegal transactions.

Accelerating Global Asset Digitization Plume co-founder Chris Yin noted that just as ETFs made assets accessible by changing their packaging, Plume is reshaping this process on-chain, opening a window for hundreds of millions of people worldwide who have lacked access to traditional financial services. At the same time, this compliant pathway provides a bridge for U.S. asset managers to reach global investors without having to rebuild infrastructure.

Currently, Plume has over $350 million in distributed asset value, serving more than half of the world's RWA holders. With the approval of the BMA license, Plume will soon release a series of new compliant vault products backed by top-tier institutions such as Apollo and WisdomTree. (Source: Plume)