Plume, a modular public blockchain, has gained a license in Bermuda. With this license, Plume has become the earliest compliant on-chain vault management firm. This marks a key milestone for Plume and the wider DeFi evolution. As per Plume’s official press release, the Bermuda Monetary Authority (BMA) has provided a Class M Digital Asset Business License to Plume’s subsidiary, Kimber Digital Assets Bermuda ISAC Ltd. (KDAB). Under the Digital Asset Business Act 2018, this license makes Plume one among the leading entities like Kraken, Coinbase, and Circle, which have also selected Bermuda’s regulatory model.

Plume is now the world’s first regulated onchain vault manager.

We’ve been granted a Digital Asset Business Licence by the Bermuda Monetary Authority, joining Circle, Coinbase, and Kraken under @BermudaMonetary supervision.

This brings us one step closer to our vision of Open…

— Plume (@plumenetwork) May 20, 2026

Plume Expands Global Standing with Exclusive Bermuda License

Plume has received a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA) for its subsidiary Kimber Digital Assets Bermuda ISAC Ltd. (KDAB). The authorization permits Plume to merge the blockchain technology’s transparency with the likely oversight of the leading regulators in the world. Additionally, the move also highlights the increasing role of Bermuda as an important hub in the case of regulated digital asset advancement.

Apart from that, the regulated vaults of KDAB denote a structural innovation that can be compared to the advent of exchange-traded funds (ETFs) back in 1990. As ETFs provide access to democratized investment diversification, KDAB vaults let users deposit assets, get proportional shares, get yield, and extract cumulative asset value under the governance of immutable smart contracts. These vaults are not like conventional funds, as they remove mediators, depending rather on strict rules that guarantee security and transparency.

Licensed in line with the AML benchmarks of Bermuda, KDAB has the authority to develop and disseminate vault tokens supported by high-quality assets and regulated funds. While reflecting on this achievement, Plume’s CEO and Co-Founder, Chris Yin, highlighted the worldwide accessibility of the respective vaults. The executive stressed that anyone across the world can leverage yield within seconds through a stablecoin and a smartphone.

Merging Regulatory Oversight with Blockchain Transparency

According to Plume, it has chosen Bermuda based on its refined regulatory model, making KDAB vaults subject to stringent prudential supervision. In this respect, Plume’s General Counsel, Salman Banaei, mentioned that the BMA’s model is a landmark move in the capital markets on-chain, often surpassing policy objectives via cutting-edge technologies. Overall, with the combination of the regulatory oversight of Bermuda and the blockchain transparency, the platform is elevating its position as a key compliance chain to shape the next epoch of finance.