Plume Network on Oct. 6, 2025, became an SEC-registered transfer agent, the firm said. The move lets Plume record and manage tokenised securities on its Layer 2 blockchain. It will work with traditional settlement systems, including the U.S. Depository Trust & Clearing Corporation (DTCC).Â
The aim is to make issuance and transfers faster and clearer for regulated funds and institutions. The registration covers on-chain shareholder records and should let tokens move between on-chain rails and existing market plumbing.
$PLUME Price Actions
The token for the network, PLUME, jumped 25% after the news. Daily trading volume climbed by 186%. At the time of the announcement, PLUME traded at $0.1121, and the market cap stood near $340.18 million. Traders said the license reduced some uncertainty about whether large financial firms could use the network.
What are the registration changes?
As a registered transfer agent, Plume can hold official records of ownership onchain. That role normally belongs to a financial middleman who tracks shareholders, handles ownership changes, and processes dividends or interest.
Plume will carry out those duties inside smart contracts and blockchain ledgers. The company also says the setup will link to the DTCC settlement network, so on-chain movements can align with off-chain clearing and settlement.
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That link matters, as it promises a smoother path for traditional asset managers to use tokenised versions of securities. Plume says the technology can cut tokenisation time from months to weeks through automation. That could speed up offerings like on-chain IPOs, small-cap capital raises, and registered funds.
Use cases and early interest
Plume plans to support a range of products, and the company highlights onchain IPOs and fundraising for small companies. It is also building systems for registered investment funds. One notable feature is Nest protocol vaults.
Plume expects to roll out Nest product offerings in Q1 2026. Nest will let fund managers set up vaults that hold regulated financial instruments. Investors could then deposit stablecoins into those vaults and earn yield from the underlying assets.
Plume says several SEC-registered funds have already shown interest. The firm named 40 Act funds specifically, the category that includes open-end mutual funds and many other pooled vehicles. Plume pitched the license as a bridge for big asset managers who want compliant on-chain flows.
Regulatory context and work ahead
Plume describes the registration as part of a wider effort to give regulated players on-chain tools they can trust. The company has engaged with regulators and taken part in policy talks.
It referenced recent comments from an SEC commissioner showing openness to tokenised real-world assets. Plume expects some regulatory details to keep changing as the SEC proposes new rules through 2026 and finalises them by 2027.
Leadership view
Plume’s leadership described the registration as a protection for investors and a step toward tighter ties between decentralised finance and traditional safeguards. The firm said the protocol puts transfer-agent duties directly onchain while working with regulators and market infrastructure.
Plume says its registered transfer agent is operational now, and funds that want to use the platform can do so immediately. The company will monitor uptake and report results.
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