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Plume Network Secures SEC Transfer Agent Status to Bridge TradFi and Blockchain
Plume Network Secures SEC Transfer Agent Status to Bridge TradFi and Blockchain
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BTCCSquare news:
Plume Network has achieved a pivotal milestone by registering as a transfer agent with the U.S. Securities and Exchange Commission. This authorization empowers the blockchain firm to manage tokenized securities, automating back-office functions like shareholder registry maintenance and ownership transfers—traditionally the domain of legacy financial systems.
The MOVE signals growing institutional convergence with decentralized infrastructure. Tokenized U.S. Treasury bills and private credit markets currently lead real-world asset adoption, but Plume's $20 million war chest positions it to expand the frontier. The SEC nod effectively certifies Plume's capacity to handle the mechanical complexities of securities onchain.
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