Plume Network, a modular Layer 2 blockchain specializing in real-world assets (RWAs), surged 25% after receiving SEC approval as a regulated transfer agent. Its native token (PLUME) also saw a 186% increase in daily trading volume, according to CoinMarketCap.
The registration allows Plume to manage digital securities and shareholder records on-chain, with integration to the U.S. Depository Trust & Clearing Corporation (DTCC) settlement system. The platform supports use cases like on-chain IPOs, small-cap fundraising, and registered funds, aiming to reduce tokenization timelines from months to weeks through smart contract automation.
CEO Chris Yin emphasized, “Our fully on-chain transfer agent protocol protects investors while streamlining digital securities issuance and aligning with regulators.”
Plume has already attracted interest from SEC-registered 40 Act funds, representing a $39 trillion market. Initial product offerings via Nest protocol vaults are expected in Q1 2026, allowing fund managers to deposit stablecoins and earn yield from regulated RWAs.
The company is pursuing additional licenses, including ATS and broker-dealer registrations, to build a fully compliant on-chain capital market infrastructure.
