Plume Token Jumps 25% After SEC Transfer Agent Registration
Plume Network, a modular Layer 2 blockchain for real-world assets, is now an SEC-regulated transfer agent, enhancing the issuance and management of tokenized securities.
- Plume's native token (PLUME) increased by 25%, with daily trading volume up 186% according to CoinMarketCap.
- The network will manage digital securities and shareholder records onchain, interoperable with the U.S. DTCC settlement network.
- Plume's technology aims to reduce tokenization timelines from months to weeks via smart-contract automation.
- This regulatory infrastructure aids institutions like BlackRock, Fidelity, and Apollo in compliant on-chain asset transfers.
- Plume plans to launch its initial product offerings, involving Nest protocol vaults, in Q1 2026. These allow fund managers to create vaults backed by regulated financial instruments.
- Plume has attracted interest from SEC-registered investment funds (40 Act funds), anticipating reduced regulatory challenges as new rules are proposed through 2026 and finalized by 2027.
- The license enables support for migrating offchain securities into compliant digital forms, especially 40 Act funds, representing over $39 trillion.
- Plume seeks additional licenses, including ATS and broker-dealer registrations, to develop a fully compliant onchain capital market infrastructure.