quote: $7 trillion under management. $19 trillion in custody. Now one of its $28B funds is heading onchain.
@plumenetw | Hanami
quote: $7 trillion under management. $19 trillion in custody. Now one of its $28B funds is heading onchain.
@plumenetwork Cofounder & CEO @chriseyin on the Fidelity partnership:
"They've got over $7 trillion in assets under management, about $19 trillion in assets under custody."
"It's an ETF, over $28 billion, managed off chain, been around for 20 years."
"This is just the next phase of it." | Introducing nBND, a Plume Vault backed by Fidelity Total Bond ETF (FBND). FBND is an actively managed ETF investing primarily in investment-grade, high yield, and emerging markets debt.
Onchain investment solutions started with short-duration Treasuries. Now, capital allocators want access to longer duration and actively managed products. nBND meets their needs.
Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, sat down with Plume co-founder Teddy Pornprinya (@teddyP_xyz) on investment solutions moving onchain.