Plume Secures SEC Approval as On-Chain Transfer Agent
Plume Network has achieved a meaningful milestone in the crypto world. The U.S. Securities and Exchange Commission (SEC) has approved Plume as a transfer agent. This approval allows plume to handle shareholder records,ownership changes,and compliance reporting on blockchain.
Plume is the first crypto entity to gain this status. It connects with the SEC and DTCC infrastructure,bridging conventional finance with Web3 technology.This integration simplifies processes that usually take months,reducing them to weeks.
As a transfer agent, plume ensures transparent and automated recordkeeping. It supports on-chain IPOs, small-cap fundraising, and fund issuance. Asset managers can create, manage, and settle tokenized securities while meeting federal requirements.
Plume has already onboarded over 200,000 asset holders and tokenized $62 million via Nest Credit. The network aims to attract 40 Act funds,representing a $39 trillion market. This interest shows traditional managers are seeking compliant blockchain solutions.
Plume’s achievement marks a significant step in bringing the U.S. securities market on-chain. It aims to expand regulated tokenization in the U.S. and attract 40 act funds, which manage a $39 trillion market. This interest shows traditional managers are seeking compliant blockchain solutions.
