Plume's Bermuda subsidiary, Kimber Digital Assets Bermuda ISAC Ltd. (KDAB), has obtained a Class M Digital Asset Business Licence from the Bermuda Monetary Authority, marking it as the world's first regulated onchain vault manager. This license allows KDAB to legally create and distribute vault tokens linked to tokenized institutional assets such as private credit, real estate, and commodities, while adhering to anti-money laundering and know-your-customer standards. The Class M designation, part of Bermuda's Digital Asset Business Act, enables KDAB to maintain compliance throughout the lifecycle of these tokens. Plume's dual regulatory status, including a US SEC transfer agent registration, offers a robust compliance framework for institutional investors interested in tokenized assets. This development positions Plume at the forefront of regulated digital asset management, providing a new level of security and compliance in the tokenization space.