Plume, a blockchain built for real-world asset tokenization, has secured a digital asset business license from the Bermuda Monetary Authority for its subsidiary Kimber Digital Assets Bermuda ISAC Ltd., enabling what it claims is the world's first regulated onchain vault manager.
The Class M license, granted under Bermuda's Digital Asset Business Act 2018, subjects KDAB to full prudential oversight, including net asset requirements, liquidity risk management, and wind-down planning.
The license also allows the firm to distribute vault tokens permissionlessly to anyone with an internet connection and a stablecoin.
Vault design
Plume vault structure borrows deliberately from the ETF playbook. Users deposit assets, receive proportional shares, earn yield, and redeem at net asset value.
