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, a global 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 issued by the Bermuda Monetary Authority (BMA). This development 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 The KDAB vault launched by Plume is considered the “on-chain evolution of the ETF model.” The emergence of ETFs in the 1990s enabled investment democratization, and 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 from anywhere in the world, 24/7, using only a smartphone and stablecoins, without the need for a traditional securities brokerage account.

Financial-grade Regulation and Security Architecture Based on Bermuda’s advanced Digital Asset Business Act of 2018, the KDAB vault adopts an innovative Incorporated Segregated Account (ISA) structure, ensuring statutory bankruptcy isolation and asset security. In addition, KDAB introduces continuously cryptographically verified collateral proof provided by Bluprynt, and implements protocol-level AML screening functionality directly embedded into the token, demonstrating outstanding performance in intercepting illegal transactions.

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

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