Plume Network, a Layer 2 blockchain specializing in real-world assets (RWAs), rose 25% after receiving SEC approval as a regulated transfer agent. Its native token (PLUME) also saw daily trading volume jump 186%, according to CoinMarketCap.
The registration allows Plume to manage digital securities and shareholder records directly 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, while smart contract automation aims to reduce tokenization timelines from months to weeks.
CEO Chris Yin said, “Our on-chain transfer agent protocol streamlines digital securities issuance while protecting investor rights and partnering with regulators.”
Plume has already attracted interest from SEC-registered 40 Act funds, representing a $39 trillion market. Initial product rollouts via Nest protocol vaults are expected in Q1 2026, enabling 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 ecosystem.
