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The RWA-focused Layer 1 blockchain can now create and distribute tokenized vault products under Bermuda's digital asset regulatory framework.
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Plume’s Bermuda subsidiary has obtained a Class M Digital Asset Business Licence from the Bermuda Monetary Authority, making it the first regulated onchain vault manager operating under the island nation’s digital asset framework.
The license was granted to Kimber Digital Assets Bermuda ISAC Ltd., or KDAB, a subsidiary purpose-built for the occasion. It authorizes the entity to create and distribute vault tokens under AML and KYC standards that mirror Bermuda’s existing stablecoin regulations. In English: Plume can now package tokenized financial products, like Treasury-backed yield vaults, and offer them through regulated channels that institutional money actually trusts.
