--- title: "Plume Secures Bermuda License for Regulated Onchain Vaults" date: 2026-05-21 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/05/plume-secures-bermuda-license-for-regulated-onchain-vaults.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "News" url: "/tag/news.md" --- # Plume Secures Bermuda License for Regulated Onchain Vaults Plume has secured a digital asset business license from the Bermuda Monetary Authority, allowing the company to launch what it says is the world’s first regulated onchain vault management platform. ## Key Takeaways - Plume received a Class M Digital Asset Business Licence from the Bermuda Monetary Authority. - The approval allows Plume to operate regulated onchain vaults for tokenized real world assets. - The company joins firms like Circle, Coinbase, and Kraken under Bermuda’s digital asset framework. - Plume says its vault products will combine DeFi accessibility with regulatory oversight and AML compliance. ## What Happened? Plume announced that its Bermuda subsidiary, **Kimber Digital Assets Bermuda ISAC Ltd. (KDAB)**, has officially received a Class M Digital Asset Business Licence under Bermuda’s Digital Asset Business Act 2018. The company says the approval makes KDAB the first regulated onchain vault manager operating under a major financial regulator. The new license allows Plume to offer regulated vault products that enable users to deposit assets, earn yield, and redeem holdings through blockchain based smart contracts while remaining compliant with anti money laundering standards. > Plume is now the world’s first regulated onchain vault manager. > > We’ve been granted a Digital Asset Business Licence by the Bermuda Monetary Authority, joining Circle, Coinbase, and Kraken under [@BermudaMonetary](https://twitter.com/BermudaMonetary?ref_src=twsrc%5Etfw) supervision. > > This brings us one step closer to our vision of Open… > > — Plume (@plumenetwork) [May 20, 2026](https://twitter.com/plumenetwork/status/2057099569276895286?ref_src=twsrc%5Etfw) ## Plume Expands Its Regulated RWA Strategy The Bermuda approval marks a major milestone for Plume as the company continues expanding its [real world asset tokenization ecosystem](https://coinlaw.io/asset-tokenization-statistics/). The project has positioned itself as a blockchain focused on bringing traditional financial assets onchain and making them usable across decentralised finance applications. According to the company, the regulated vault structure is designed to function similarly to exchange traded funds. Users can deposit assets into vaults, receive proportional shares, and redeem them at net asset value. However, unlike traditional ETFs, the system operates entirely through immutable smart contracts rather than custodians or centralized administrators. Plume said vault managers will still be able to rebalance and manage strategies, but only within hardcoded parameters built directly into the protocol. Plume Co-Founder and CEO Chris Yin said: “ The ETF was the last great structural innovation in asset management. The BMA license makes this real. It means this is not an experiment. It is a regulated financial product. Chris YinCo-founder and CEO – Plume The company added that the vaults will allow investors to access tokenized financial products globally using only an internet connection and stablecoins, removing the need for brokerage accounts and traditional intermediaries. ## Bermuda Continues Building Crypto Regulatory Hub Plume’s approval further strengthens Bermuda’s position as one of the leading jurisdictions for regulated digital asset businesses. The company now joins major crypto firms including Circle, [Coinbase](https://coinlaw.io/bermuda-goes-onchain-coinbase-circle/), and Kraken, all of which operate under Bermuda’s digital asset framework. Bermuda has actively promoted itself as a destination for regulated blockchain innovation and tokenized finance. Earlier reports also highlighted the country’s ambitions to become a fully onchain national economy with support from leading crypto companies. Under the license structure, each Plume vault will operate through a separate incorporated segregated account under Bermuda law. The company said this setup provides bankruptcy remoteness, legal ring fencing, and additional investor protections. Vault reserves will remain onchain inside non custodial smart contracts with cryptographically verifiable proof of collateral provided by Bluprynt. ## Focus on Compliance and Security Plume emphasized that regulatory compliance and security remain central to the vault infrastructure. The company said the vault system includes wallet level AML screening, transaction monitoring, and freeze and seize functionality directly embedded into the vault tokens. The protocol also claims to use immutable and non upgradeable smart contracts to reduce risks linked to administrative key exploits that have affected many DeFi platforms. Plume reported a blocked transaction rate of just **0.000005%**, compared to approximately 1% across other public blockchains. The project launched its mainnet in June 2025 and previously stated that more than $150 million worth of real world assets had already been deployed onchain during its earlier phases. Those assets reportedly include private credit, solar farms, mineral rights, Medicaid claims, and tokenized real estate infrastructure. The company also received a strategic investment from Apollo Global Management earlier this year as institutional interest in tokenized real world assets continues to grow. Plume said additional regulated vault products operating under the KDAB framework will be announced in the coming weeks. ## CoinLaw’s Takeaway I think this is one of the more important developments happening in the real world asset sector right now. In my experience, many DeFi projects promise institutional adoption but struggle to gain meaningful regulatory approval. Plume is taking a very different route by building compliance directly into its infrastructure instead of treating regulation as an afterthought. What stands out to me is the attempt to merge ETF style investing with blockchain accessibility. If Plume can actually deliver regulated onchain yield products at scale, this could open tokenized finance to millions of users globally who currently have limited access to traditional investment markets. Definition of Smart Contract. Link to full glossary entry follows the description.**Smart Contract**A smart contract is a self-executing program stored on a blockchain that automatically enforces agreement terms when predefined conditions are met, without intermediaries. [Read more](https://coinlaw.io/glossary/smart-contract/) Definition of DeFi. Link to full glossary entry follows the description.**DeFi**Decentralized finance leverages blockchain protocols and [smart contracts](https://coinlaw.io/glossary/smart-contract/) to enable lending, trading, and borrowing without banks or traditional intermediaries. [Read more](https://coinlaw.io/glossary/defi/)