The US Securities and Exchange Commission (SEC) approved Plume (PLUME) as a registered transfer agent of tokenized securities on Oct. 6.
The announcement caused the PLUME token to surge 31% from $0.1022 to $0.1342 before settling at $0.12 as of press time, representing a 21% increase over the past 24 hours.
The registration enables Plume to manage shareholder records, trades, and dividends on-chain, while linking cap tables and reporting directly to the SEC and the Depository Trust & Clearing Corporation (DTCC) systems.
Traditional transfer agents operate off-chain, but Plume now brings that infrastructure to blockchain networks with native compliance tools.
The platform’s transfer agent enables on-chain cap table and trade reporting to the SEC and DTCC, as well as native fund administration for issuers and asset managers, all while facilitating faster onboarding without compromising regulatory compliance.
Plume stated the registration represents its first step in working with the SEC to build fully compliant tokenized capital markets.
The platform reported it has onboarded over 200,000 real-world asset holders and more than $62 million in tokenized assets through its Nest platform in three months.
Plume said the transfer agent gives issuers and asset managers tools to scale on-chain securely while maintaining regulatory standards.
Tokenization grows in the US
The approval arrives as US regulators accelerate coordination on digital asset oversight.
The SEC and the Commodity Futures Trading Commission (CFTC) held a joint roundtable on Sept. 29 to address fragmented regulation that had previously discouraged innovation and pushed crypto activity offshore.
SEC Chairman Paul Atkins and CFTC Acting Chairman Caroline Pham stated that harmonization can lower barriers and enhance efficiency in financial markets.
The CFTC announced on Sept. 23 an initiative to enable tokenized collateral in derivatives markets, including stablecoins.
Pham described the move as advancing blockchain technology in collateral management systems, stating that “tokenized markets are here, and they are the future.”
Plume’s transfer agent registration directly connects the platform’s infrastructure to federal reporting systems in response to regulatory advancements in the US tokenized securities market.
Mentioned in this article
Credit: Source link
