Plume Wins SEC Green Light for Tokenized Securities Push
The US Securities and Exchange Commission (SEC) formally authorised Plume (PLUME) as a registered switch agent for tokenized securities on October 6, marking a serious milestone within the shift towards regulated blockchain markets.
The announcement sparked a pointy market rally, with PLUME’s value leaping 31% earlier than settling at $0.12. Analysts say the choice highlights a rising effort to merge blockchain innovation with US monetary oversight.
Plume Secures Key SEC Approval
As a switch agent, Plume can now handle shareholder data, trades, and dividend funds immediately on-chain. The registration connects its infrastructure with the SEC and the Depository Trust & Clearing Corporation (DTCC), integrating compliance into the digital asset ecosystem.
Transfer brokers have lengthy been very important to sustaining shareholder knowledge and processing possession adjustments. Plume’s blockchain-native system automates these duties and affords real-time audit visibility.
“Regulated on-chain reporting is now not theoretical — it’s operational,” mentioned Plume co-founder Chris Yin. “We constructed this framework to combine digital and conventional finance with out friction.”
The firm mentioned it has already onboarded over 200,000 real-world asset holders and facilitated greater than $62 million in tokenized belongings via its Nest platform inside three months.
The registration, it added, represents a basis for aligning blockchain infrastructure with US securities regulation.
Regulatory Shift Could Reshape Token Markets
The SEC’s approval underscores a broader regulatory flip towards treating blockchain as viable market infrastructure. It follows joint SEC–CFTC discussions and the CFTC’s $15 billion tokenized collateral pilot launched final month.
Observers say Plume’s achievement may push different tokenization companies to hunt related recognition, dashing up institutional entry into digital securities. The SEC’s nod may guarantee custodians and broker-dealers that blockchain processes can operate safely below federal frameworks.
Economists say integrating blockchain into official settlement programs may lower processing instances by as much as 70%, decrease operational prices, and enhance transparency throughout asset lifecycles. It may additionally open routes for tokenized funds, ETFs, and personal credit score automobiles to fulfill compliance quicker.
Plume CEO Chris Yin harassed that regulatory alignment is crucial for scaling real-world belongings, saying, “Compliance and transparency usually are not limitations—they’re the inspiration of institutional adoption,” in a put up on X this February.
The approval additionally locations the US alongside Europe and Asia, the place regulators have superior tokenized securities guidelines. With international tokenized belongings topping $30 billion — a 700% rise since early 2023 — analysts say regulated switch brokers like Plume may bridge issuers, asset managers, and buyers in a totally compliant on-chain ecosystem.
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