Plume Gains Bermuda Digital Asset License for Regulated Onchain Vaults

Plume has received regulatory approval from the Bermuda Monetary Authority to operate the first regulated onchain vaults for global investors. The company’s subsidiary, Kimber Digital Assets Bermuda ISAC Ltd., was granted a Class M Digital Asset Business Licence under Bermuda’s Digital Asset Business Act 2018 announced in a press release.

The licence allows Kimber Digital Assets Bermuda to act as a regulated vault curator, issuing and managing vault tokens that represent shares in underlying assets. These vaults operate through incorporated segregated accounts, ensuring asset ring-fencing and bankruptcy protection. Each vault’s reserves are held onchain in smart contracts with continuous proof of collateral verified by Bluprynt.

The vaults are designed to provide yield-bearing exposure similar to exchange traded funds but without custodians or intermediaries. Users can deposit assets, receive proportional shares, and redeem them at net asset value. The platform includes continuous anti-money-laundering screening and transaction monitoring at the token level.

Plume stated that the Bermuda framework provides prudential supervision covering liquidity management, cybersecurity, and compliance standards. The company plans to introduce its first set of BMA-regulated vaults in the coming weeks, offering global investors access to regulated, transparent, and programmable financial products.