Plume Network has been making significant strides in the blockchain space, particularly with its recent approval from the U.S. Securities and Exchange Commission (SEC) to become a registered transfer agent for tokenized securities. This development allows Plume to manage tokenized securities, bringing traditional finance onto blockchain infrastructure while ensuring compliance with U.S. law.
The SEC registration enables Plume to automate critical back-office functions, such as maintaining shareholder registries, recording ownership transfers, and managing corporate actions. By integrating these processes into blockchain systems, Plume aims to streamline the management of tokenized securities.
This milestone is crucial for Plume's mission to modernize and automate traditional financial markets. The company's focus on institutional-grade assets, such U.S. Treasury bills and private credit products, positions it well for growth in the tokenized asset market.
With over $33 billion in tokenized assets across various chains, Plume's innovative approach to Real-World Asset (RWA) tokenization is gaining traction. The PLUME token has also seen significant price movements, with a 22% surge following the SEC approval news.
As the blockchain industry continues to evolve, Plume Network's regulatory compliance and innovative approach make it a notable player in the space ¹ ² ³.
