Plume has become the first company worldwide to operate a regulated onchain vault manager, thanks to a Class M Digital Asset Business License from the Bermuda Monetary Authority. The license, granted to Kimber Digital Assets Bermuda ISAC Ltd., a subsidiary of Plume's parent company Kimber Labs Inc., allows the issuance and distribution of vault tokens backed by institutional-grade assets like private credit, real estate, and commodities.
Bermuda's Class M license is the same regulatory tier governing firms like Circle, Coinbase, and Kraken, subjecting holders to rigorous oversight on asset-liability management, cybersecurity, and compliance. The vaults will incorporate non-custodial smart contracts, verifiable collateral proof, and liquidity generation methods, targeting institutional and accredited investors seeking blockchain transparency without regulatory ambiguity.
Plume also holds SEC transfer-agent registration in the U.S., building a dual-jurisdiction regulatory footprint. The company operates an EVM-compatible Layer 1 blockchain designed for real-world asset tokenization, with its mainnet launched in mid-2025 and over 200 projects in its ecosystem. To date, Plume has distributed more than $350 million in asset value, backed by Apollo Global Management, Galaxy Digital, and Brevan Howard.
For investors, this provides a regulated entry point for RWA investments, though risks remain: private credit and real estate carry market risks, smart contracts introduce technical vulnerabilities, and liquidity of tokenized illiquid assets remains a challenge.