Plume Network, a modular Layer 2 for real-world assets, is now a registered transfer agent with the U.S. Securities and Exchange Commission. The registration lets Plume maintain official shareholder records and manage the issuance and transfer of digital securities directly onchain.
Plume says its protocol is designed to interoperate with the DTCC settlement network. The team plans to support use cases such as onchain IPOs, small-cap fundraising, and registered funds. The goal is to cut tokenization timelines from months to weeks using smart-contract automation.
Why it matters
In traditional markets, transfer agents keep the cap table, process ownership changes, and handle dividends. An onchain transfer agent does the same work with a transparent ledger and programmable rules. For institutions that need compliance controls, this is a core piece of market plumbing.
Plume positions the registration as a bridge for asset managers that want to move into tokenized funds while keeping investor protections. The firm cites interest from 40 Act funds and says the license can help migrate offchain securities into compliant digital form.
The company is pursuing additional licenses, including ATS and broker-dealer, to build a full onchain capital markets stack for 40 Act funds. The timing follows recent signals from the SEC that it is open to engagement on RWA tokenization projects.
Minutes after the announcement, PLUME jumped from roughly $0.10 to an intraday high near $0.133, then eased toward $0.124 by 18:06 UTC+3, as shown on the one-minute chart.
