Plume Subsidiary KDAB Secures Bermuda License for Regulated On-Chain Vault

On 2026-05-21, Plume’s Bermuda subsidiary KDAB received a Class M Digital Asset Business License from the Bermuda Monetary Authority, enabling the industry’s first regulated on-chain vault. This follows Plume’s initial license announcement on 2026-05-20 and positions KDAB alongside licensed firms like Coinbase and Circle. The license covers custody, trading, and issuance, allowing tokenized real-world assets from major markets to be offered to institutional and qualified investors in an ETF-like on-chain structure. The development advances regulatory clarity for RWAs and may accelerate institutional flows into compliant crypto products.