Plume Network, a modular Layer 2 blockchain focused on real-world assets (RWAs), jumped 25% after becoming an SEC-registered transfer agent, enabling efficient issuance, transfer, and management of tokenized securities. Daily trading volume for its native token (PLUME) surged 186%, according to CoinMarketCap.
As a regulated transfer agent, Plume can now manage digital securities and shareholder records on-chain, with interoperability to the U.S. Depository Trust & Clearing Corporation (DTCC) network. The platform supports on-chain IPOs, small-cap fundraising, and registered funds, aiming to cut tokenization timelines from months to weeks via smart contracts.
CEO Chris Yin said, “Our fully on-chain transfer agent protocol streamlines issuance while protecting investors’ rights and aligning with regulators.”
Plume has already attracted interest from SEC-registered 40 Act funds, part of a $39 trillion market. Its first product offerings, via Nest protocol vaults, are expected in Q1 2026, allowing fund managers to deposit stablecoins and earn yield from RWAs.
The company is also pursuing ATS and broker-dealer licenses to build a fully compliant on-chain capital market ecosystem.
About The Author
More Stories
Bitcoin Shows 8 of 12 Capitulation Signals, but VanEck Says Bottom Is Still Ahead
Bitcoin Holds Six-Week Range as Global Bond Yields Reach Multi-Decade Highs
OpenAI Falls Behind Anthropic as Losses Mount and Frontier Training Paused