Overview
- Kimber Digital Assets Bermuda ISAC Ltd. (KDAB), Plume’s Bermuda subsidiary, received a Class M Digital Asset Business Licence from the Bermuda Monetary Authority on May 20, 2026, authorizing it to create and distribute vault tokens under formal AML and KYC standards.
- The licence places KDAB under BMA prudential oversight with requirements such as liquidity planning and wind‑down measures and requires continuous AML supervision by the regulator.
- Plume says each vault will use its own incorporated segregated account under Bermuda’s ISA regime to give statutory ring‑fencing and bankruptcy remoteness while holding reserves on‑chain with cryptographic proof of collateral.
- Plume has named partners for its initial products, including Centrifuge for low‑risk treasury vaults that will tap Anemoy’s regulated Liquid Treasury Fund for exposure to AAA‑rated tokenized U.S. Treasuries.
- The move aims to lower compliance barriers for institutions and broaden retail access to regulated tokenized RWAs, though several operational claims such as more than $150 million deployed on‑chain and an ultralow blocked‑transaction rate are reported by Plume and lack independent verification.