Plume subsidiary KDAB obtains Bermuda license for regulated on-chain vault

Plume, a blockchain project focused on regulated real-world assets (RWA), announced today that its Bermuda-based subsidiary, KDAB, has obtained a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA). The move makes Plume one of a select group of global crypto firms licensed in Bermuda, alongside companies like Circle, Coinbase, and Kraken. According to the announcement, KDAB has now become the industry's first operator of a regulated on-chain vault. Plume CEO Chris Yin stated that the KDAB vault operates with regulated funds and high-quality assets from the U.S., Hong Kong, and other major countries. He added that the company is bringing the ETF model, which he described as the last major structural innovation in asset management, to an on-chain environment.