Plume Launches Tokenized Vault Backed by Fidelity Bond ETF

The notable shift here is the underlying asset itself: holding an actively managed bond ETF directly moves tokenized fixed income past the short-dated Treasury trade that has defined most onchain cash products. That introduces credit and duration risk to a wrapper whose appeal has largely rested on simplicity, so the vault's structure, not its launch, is the story. Whether the market treats tokenized wrappers of active strategies as genuinely different from the ETF itself is the open question.