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Plume Becomes First Regulated Onchain Vault Manager With Bermuda License

Plume Becomes First Regulated Onchain Vault Manager With Bermuda License

Plume’s Bermuda Monetary Authority license, combined with its broader regulatory progress, may strengthen its appeal to institutional investors seeking compliant links between traditional finance and digital asset markets.

Fact Check
The core factual claim - that Plume's subsidiary KDAB received a Class M Digital Asset Business Licence from the Bermuda Monetary Authority - is confirmed by multiple independent credible sources including The Block, crypto.news, CryptoBriefing, and Plume's own PR Newswire press release, all dated May 20, 2026. The license type, issuing authority, and regulatory framework (DABA 2018) are consistent across all sources. The slight uncertainty (12% false probability) stems from the 'first regulated onchain vault manager' qualifier, which The Block explicitly flags as Plume's self-designation ('what it calls first'), meaning it has not been independently verified by the BMA or a neutral third party. No conflicting evidence was found disputing either the license grant or the 'first' claim. The BMA's official website did not surface a public confirmation, which is not unusual for individual licence grants and does not undermine the claim.
Summary

Plume said it has obtained a digital asset business license from the Bermuda Monetary Authority, making it the first regulated onchain vault manager. The new update adds that Plume’s dual regulatory achievements enhance its appeal to institutional investors by helping bridge traditional finance and digital asset markets. According to the report, the approval gives the real-world asset protocol a formal place within Bermuda’s digital asset regulatory framework, which is known for hosting crypto firms such as Circle, Coinbase and Kraken, and could support institutional adoption of regulated onchain financial products.

Terms & Concepts
  • Onchain: Activity or infrastructure that operates directly on a blockchain, where transactions and records are processed and stored on the network.
  • Vault manager: A service provider that oversees crypto asset storage or allocation structures, typically designed for custody, yield, or treasury management.
  • Digital asset business license: A regulatory authorization that allows a company to operate specified crypto-related services under a formal legal and compliance framework.