PLUME Rises 25% as Network Registered by SEC as Transfer Agent for Tokenized Securities

Core Insights - Plume Network has become an SEC-regulated transfer agent, enhancing the management of tokenized securities and increasing its native token (PLUME) value by 25% with a 186% rise in daily trading volume [1][2] Company Overview - Plume Network is a modular Layer 2 blockchain focused on real-world assets (RWAs) and now operates as a registered transfer agent, managing digital securities and shareholder records on-chain [1][2] - The company aims to streamline the issuance, transfer, and management of tokenized securities, providing a regulatory framework for institutions like BlackRock, Fidelity, and Apollo [3][4] Technological Advancements - The technology developed by Plume is designed to reduce tokenization timelines from months to weeks through smart-contract automation, facilitating on-chain IPOs, small-cap fundraising, and registered funds [3] - As a blockchain transfer agent, Plume utilizes distributed ledger technology to maintain secure, immutable, and transparent records of asset ownership and transfers [5] Regulatory Engagement - Plume's registration as a transfer agent follows active collaboration with regulatory bodies and contributions to discussions on the GENIUS Act, reflecting the SEC's openness to real-world asset tokenization projects [6] - The operational status of Plume's regulated transfer agent allows funds to engage with its infrastructure immediately, despite ongoing regulatory developments [7]