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Plume Network Registers as SEC-Regulated Transfer Agent for Tokenized Securities

Plume Network Registers as SEC-Regulated Transfer Agent for Tokenized Securities

Plume Network’s SEC qualification empowers it to handle tokenized securities, marking a milestone in the integration of blockchain with traditional financial systems.

Fact Check
The statement is strongly supported by a direct report from CoinDesk, a reputable industry news source, which explicitly states that 'Plume Network ... is now an SEC-regulated transfer agent.' This primary claim is corroborated by multiple other sources, including posts on X and Binance Square, which report the same SEC approval. While some provided evidence discusses Plume's earlier advocacy on the topic, the most recent and credible sources confirm the registration.
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Summary

Plume Network has secured transfer agent qualification from the U.S. SEC, allowing it to manage tokenized securities and ownership records. This move facilitates interoperability with the DTCC settlement network, supporting use cases like on-chain IPOs and fundraising. Following the announcement, PLUME token price surged by 21.5%.

Terms & Concepts
  • Tokenized Securities: Traditional financial assets represented digitally on a blockchain, enabling easier trading and settlement.
  • Transfer Agent: An entity responsible for managing and recording changes in securities ownership, distributions, and shareholder records.
  • DTCC Settlement Network: A U.S.-based post-trade financial services firm providing clearing and settlement infrastructure for securities transactions.