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8m ago

SEC Approves Plume as On-Chain Transfer Agent, Opening DTCC-Compatible Rails

The designation gives Plume a regulated foothold to court 40 Act funds seeking compliant tokenization.

plume
Plume rises 25% as network registered by sec as transfer agent for tokenized securities
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Overview

  • The SEC registered Plume to operate as a transfer agent, enabling on-chain shareholder ledgers, ownership changes, and compliance reporting.
  • Plume says its system interoperates with DTCC settlement infrastructure, supporting use cases such as on-chain IPOs, small-cap fundraising, and registered funds.
  • The company is reported to be the first SEC-approved native on-chain transfer agent, positioning it as a regulated bridge for tokenized securities.
  • Plume reports early traction with more than 200,000 holders and about $62 million tokenized via its Nest Credit protocol, with interest from SEC-registered 40 Act funds.
  • Following the announcement, the PLUME token rose about 25% and daily trading volume jumped roughly 186%, and the firm says its agent is live now with a Q1 2026 Nest vault rollout planned while it pursues ATS and broker-dealer licenses.