The US Securities and Change Fee (SEC) formally accredited Plume (PLUME) as a registered switch agent for tokenized securities on October 6, marking a significant milestone within the shift towards regulated blockchain markets.
The announcement sparked a pointy market rally, with PLUME’s worth leaping 31% earlier than settling at $0.12. Analysts say the choice highlights a rising effort to merge blockchain innovation with US monetary oversight.
Sponsored
Sponsored
Plume Secures Key SEC Approval
As a switch agent, Plume can now deal with shareholder information, trades, and dividend funds straight on-chain. The registration connects its infrastructure with the SEC and the Depository Belief & Clearing Company (DTCC), integrating compliance into the digital asset ecosystem.
Plume Worth Efficiency. Supply: BeInCrypto
Switch brokers have lengthy been very important to sustaining shareholder knowledge and processing possession adjustments. Plume’s blockchain-native system automates these duties and presents real-time audit visibility.
“Regulated on-chain reporting is no longer theoretical — it’s operational,” mentioned Plume co-founder Chris Yin. “We built this framework to integrate digital and traditional finance without friction.”
The corporate 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.
Sponsored
Sponsored
The registration, it added, represents a basis for aligning blockchain infrastructure with US securities legislation.
Regulatory Shift Might 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 might push different tokenization corporations to hunt related recognition, dashing up institutional entry into digital securities. The SEC’s nod may additionally guarantee custodians and broker-dealers that blockchain processes can operate safely underneath federal frameworks.
Economists say integrating blockchain into official settlement programs might reduce processing occasions by as much as 70%, decrease operational prices, and enhance transparency throughout asset lifecycles. It might additionally open routes for tokenized funds, ETFs, and personal credit score autos to satisfy compliance sooner.
Plume CEO Chris Yin harassed that regulatory alignment is important for scaling real-world belongings, saying, “Compliance and transparency are not limitations—they’re the foundation of institutional adoption,” in a put up on X this February.
Plume is for the folks.
I’ve mentioned it earlier than and I am going to say it once more — nearly all RWA tasks are TradFi ppl attempting to do Trad issues onchain
Not us. We’re targeted on constructing a brand new monetary system that permits all people — from the most important monetary establishments to… https://t.co/s9l2QcbHf6
— Chris Yin (@chriseyin) February 5, 2025
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 might bridge issuers, asset managers, and traders in a totally compliant on-chain ecosystem.
