Plume received a Bermuda digital asset license and plans to launch regulated onchain vaults for tokenized assets worldwide.
Crypto platform Plume has received a Class M Digital Asset Business License from the Bermuda Monetary Authority. Because of this approval, the company will introduce regulated onchain asset vaults. Furthermore, these vaults will be able to hold tokenized assets and comply with anti-money laundering regulations, Plume said.
Plume Plans New Regulated Onchain Vault System
Kimber Digital Assets Bermuda ISAC Ltd. (KDAB) was licensed by Bermuda’s Digital Asset Business Act 2018, Plume said. As such, KDAB will be the first regulated onchain vault manager. The company also stated that the system is a mix of decentralized finance and robust financial regulation.
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 supervision.
This brings us one step closer to our vision of Open…
— Plume (@plumenetwork) May 20, 2026
Users will be putting digital assets into vaults and getting proportional shares, Plume said. Users can also generate yield and redeem their holdings at NAV. These vaults will be different from traditional funds in that they will be run by smart contracts, rather than a custodian or administrator.
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Moreover, Plume said that the vaults will adhere to AML standards akin to Bermuda’s stablecoin rules and the U.S. GENIUS Act. This is why the platform strives to offer transparency and compliance. The company will also be scanning wallets and transactions for security.
Meanwhile, Plume highlighted Bermuda’s growing role in crypto regulation. The company also said that large companies such as Circle, Coinbase, and Kraken are also using Bermuda’s digital asset regime. As a result, Plume said that the license puts it in the company of well-known crypto businesses around the globe.
Plume Co-Founder and CEO Chris Yin likened the new vaults to exchange-traded funds, or ETFs. He said that ETFs were a way to make investing easier for millions of people. Likewise, he is a believer in onchain vaults that can bring regulated investment products to the world.
Plume Aims to Expand Global Access to Tokenized Assets
Users who have internet access and stablecoins will be able to use the vault system after completing AML checks, Plume said. So, individuals can invest in regulated investments without having to open a conventional brokerage account. Also, the vaults will have no market hour restrictions.
The company also stated that the vaults will be used to store regulated funds and high-quality assets from markets such as the United States and Hong Kong. This means that users can be exposed to various financial products directly via blockchain technology.
In the meantime, Plume said its protocol has built-in compliance tools. Sanctions screening and transaction monitoring will be implemented at several layers on the platform, it is reported. Therefore, Plume aims to improve safety while supporting decentralized finance services.
This license is also in line with the previous regulatory measures taken by the company. Previously, Plume had been registered as a transfer agent with the U.S. SEC and obtained a commercial license from Abu Dhabi Global Market. This approval in Bermuda thus bolsters the company’s foothold in the tokenized real-world asset space.
The announcement also underscores the increasing interest in regulated crypto products globally. Financial institutions are still investigating tokenized real-world assets, such as real estate and private capital. Therefore, companies like Plume are trying to connect traditional finance with blockchain-based systems under regulated frameworks.