Key Takeaways
- • Plume secured a Class M Digital Asset Business License from the Bermuda Monetary Authority, positioning itself as the world's first regulated onchain vault manager under Bermuda's Digital Asset Business Act 2018.
- • The company's Bermuda subsidiary, Kimber Digital Assets Bermuda (KDAB), will launch a BMA-regulated on-chain fund vault in the coming weeks, enabling institutional and accredited investors to access tokenized real-world assets including private credit, real estate, and commodities.
- • Bermuda has established itself as a premier crypto regulatory jurisdiction, with major platforms including Coinbase, Circle, and Kraken already holding Class M licenses, offering Plume a compliance framework that signals legitimacy to institutional partners and investors.
- • The license represents a strategic move beyond compliance; it differentiates Plume in a market where regulatory clarity is increasingly critical as global regulators tighten oversight of digital asset activities.
Summary
Plume, a blockchain platform specializing in real-world asset (RWA) tokenization, announced on May 21, 2026, that it has secured a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA). The regulatory approval establishes Plume as the first regulated onchain vault manager, marking a significant milestone for a platform operating at the intersection of traditional finance and digital assets.
The Class M license, granted under Bermuda's Digital Asset Business Act 2018, authorizes Plume to conduct digital asset business activities within the jurisdiction's comprehensive regulatory framework. The BMA has developed a reputation as a stringent yet innovation-friendly regulator, distinguishing Bermuda from other crypto-friendly jurisdictions characterized by regulatory ambiguity. The licensing decision reflects the BMA's willingness to support established players with clear compliance structures while maintaining high supervisory standards.
Plume's immediate plans leverage the license to launch a new on-chain fund vault, also regulated by the BMA, within the coming weeks. The vault is designed to provide institutional and accredited investors with compliant access to tokenized real-world assets spanning private credit, real estate, and commodities. This offering addresses a growing institutional demand for digital asset exposure while maintaining regulatory safeguards that appeal to traditional finance participants.
Bermuda's emerging status as a regulated hub for digital assets has attracted major industry participants. Coinbase, Circle, and Kraken have all obtained Class M licenses from the BMA, establishing a precedent that Plume now joins. The jurisdiction's combination of clear regulatory rules, proximity to the United States, and established financial services infrastructure provides a compelling alternative to jurisdictions with fragmented or uncertain crypto regulation. For Plume, the license extends beyond a compliance checkbox—it signals to institutional partners, investors, and regulators worldwide that the platform operates within a recognized legal framework at a time when regulatory oversight of the crypto sector is tightening globally.
The Class M license, granted under Bermuda's Digital Asset Business Act 2018, authorizes Plume to conduct digital asset business activities within the jurisdiction's comprehensive regulatory framework. The BMA has developed a reputation as a stringent yet innovation-friendly regulator, distinguishing Bermuda from other crypto-friendly jurisdictions characterized by regulatory ambiguity. The licensing decision reflects the BMA's willingness to support established players with clear compliance structures while maintaining high supervisory standards.
Plume's immediate plans leverage the license to launch a new on-chain fund vault, also regulated by the BMA, within the coming weeks. The vault is designed to provide institutional and accredited investors with compliant access to tokenized real-world assets spanning private credit, real estate, and commodities. This offering addresses a growing institutional demand for digital asset exposure while maintaining regulatory safeguards that appeal to traditional finance participants.
Bermuda's emerging status as a regulated hub for digital assets has attracted major industry participants. Coinbase, Circle, and Kraken have all obtained Class M licenses from the BMA, establishing a precedent that Plume now joins. The jurisdiction's combination of clear regulatory rules, proximity to the United States, and established financial services infrastructure provides a compelling alternative to jurisdictions with fragmented or uncertain crypto regulation. For Plume, the license extends beyond a compliance checkbox—it signals to institutional partners, investors, and regulators worldwide that the platform operates within a recognized legal framework at a time when regulatory oversight of the crypto sector is tightening globally.
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