Plume Network, a modular layer 2 blockchain dedicated to active active world (RWAS), is now a transfer agent regulated by the dry, rationalizing the issue, transfer and management of token titles.
The native token of the network (feather) increased by 25% after the announcement, because the daily trading volume increased by 186%, according to CoinmarketCap.
As a registered transfer agent, Plume will now manage digital titles and shareholders’ recordings directly onchain, supporting interoperability with the US regulation network Trust & Clearing Corporation (DTCC), according to the press release shared with Coindesk.
In addition, it will facilitate a range of use cases, including ONCHAIN ​​on the stock market, fundraising with small capitalization and registered funds. More specifically, technology aims to reduce the deadlines for tokenization from month to a few weeks via the automation of intelligent contract.
Plume recording provides an essential regulatory infrastructure for institutions like BlackRock, Fidelity and Apollo in search of compliant chain asset transfers.
“At Plume, we believe that the regulation of transfer agents exists to protect the rights of investors as an audience. With this fully transferred transfer agent protocol, we rationalize the issue of digital securities with an integrated partnership with regulators,” said Chris Yin, CEO and Plume co-founder.
“The cryptography industry has sought a viable bridge between deffi speed and tradfi guarantees. The delivery of this license places the panache as the ideal solution for this research,” added Yin.
A transfer agent in the traditional sense is a financial institution which maintains official registers of the shareholders of a company, manages the modifications of ownership, issues certificates of action and manages dividends and payments of interest.
A blockchain transfer agent, such as Plume, fulfills similar functions on the chain by taking advantage of the technology of the large distributed book, offering a secure, unchanging and transparent digital recording of the property and transfers of assets.
The completion of pen comes after its active collaboration with regulatory organizations, including its contributions to discussions concerning the Act on Engineering. The announcement follows the remarks of the SEC HESTER PIIRCE commissioner last week to express the opening of the regulator to engage with the transmitters of tokenization of real assets.
Initial deployment of the product probably in the first quarter of 2026
The regulated pen transfer agent is operational, which allows interested funds to engage in the pen infrastructure with an immediate effect, even if wider regulatory frameworks continue to evolve.
Based on this foundation, Plume plans to launch its first products of products, involving vaults of Nest protocol, in the first quarter of 2026. In Plume Network, Nest is one of the important protocols focused on appearance mechanisms for real active protocols (RWA).
NEST allows fund managers to create keys supported by regulated financial instruments. Users can then deposit stall in these chests to win the yield without authorization from the underlying active assets.
Target 40 Act Funds
Plume said that he had already aroused interest in investment funds enrolled in the SEC (40 ACT funds). And while regulatory challenges, such as working -care problems, current obstacles, the company provides that this decreases as the SEC offers new rules until 2026 and finalizes them by 2027.
The 40 funds of the law are publicly offered, common investment vehicles, such as public investment funds at public ends, closed funds and unit investment trusts, registered under the 1940 investment law.
The timing lines up with a larger market change towards onchain titles and positions the plume at the forefront of this transition.
“The license allows Plume to support the migration of out -of -chain titles in compliant digital forms, in particular 40 ACT funds – The traditional backbone of the American management of assets representing more than 39 billions of dollars,” the company told Coindesk.
Plume also searches for additional licenses, including alternative negotiation recordings (ATS) and broker recorders, to develop an onchain capital market infrastructure fully compliant for funds of 40 Acts.
Update, October 6 3:22 PM UTC: modify the title and add a paragraph to include the token movement.
