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Plume has received SEC approval for tokenized securities.
The PLUME token has risen by 31%. The market reaction after the SEC approval was strong.
This step could change the token market in the US and promote adoption by institutions.
Tokenized assets have increased by 700% year-over-year, reaching $30 billion worldwide.
On October 6, the U.S. Securities and Exchange Commission (SEC) officially approved Plume (PLUME) as a registered transfer agent for tokenized securities. This is a significant milestone in the transition to regulated blockchain markets.
This announcement triggered a sharp market rise, resulting in the price of PLUME increasing by 31% to $0.12. Analysts note that this decision underscores the company's efforts to integrate blockchain innovations with U.S. financial oversight.
Plume receives significant SEC approval
As a transfer agent, Plume can now manage shareholder registrations, transactions, and dividend payments directly on-chain. This registry integrates compliance into the digital asset ecosystem, connecting its infrastructure with the SEC and the Depository Trust & Clearing Corporation (DTCC).
Transfer agents have long played a crucial role in protecting shareholder data and processing changes in ownership rights. The Plume blockchain system automates these tasks and enables real-time auditing.
"Regulated reporting on the blockchain is no longer theoretical — it is already in action," said Plume co-founder Chris Inn. "We created this framework to seamlessly integrate digital and traditional finance."
The company stated that within three months it attracted more than 200,000 owners of real assets and provided more than $62 million tokenized assets.
The submission states that the blockchain infrastructure provides the foundation for compliance with U.S. securities law.
Regulatory changes may alter the token market.
The SEC's approval signals a broader regulatory shift towards recognizing blockchain as a viable market infrastructure. This came after joint discussions between the SEC and the Commodity Futures Trading Commission (CFTC) and a pilot project with tokenized collateral of $15 billion, launched last month.
Observers say that Plume's success may encourage other tokenized companies to seek similar recognition and accelerate the entry of institutions into digital securities. SEC approval could provide custodians and broker-dealers with the confidence that blockchain processes can operate securely within the framework of federal law.
Economists note that the integration of blockchain into formal settlement systems can reduce transaction times by up to 70%, lower operational costs, and enhance transparency throughout the life cycles of assets. It could also pave the way for faster adoption of tokenized funds, ETFs, and private credit instruments.
The approval places the US alongside Europe and Asia, which are advancing the regulation of tokenized securities. With global tokenized assets exceeding $30 billion, which is 700% more since the beginning of 2023, analysts say that regulated transfer agents like Plume could create a fully compliant ecosystem on the blockchain between issuers, asset managers, and investors.