Plume is now an SEC-approved transfer agent, enabling compliant recordkeeping, trade tracking, and fund administration for tokenized assets within U.S. regulatory frameworks.
Summary
- Plume becomes the first SEC-approved onchain transfer agent, enabling compliant recordkeeping and trade reporting on blockchain.
- The system connects with SEC and DTCC infrastructure, bridging Wall Street’s oversight with Web3 automation.
- With 200,000 asset holders and $62 million tokenized via Nest Credit, Plume aims to attract 40 Act funds and expand regulated tokenization in the U.S.
The U.S. Securities and Exchange Commission has granted Plume Network a pivotal role in the digital asset space, approving it to operate as a transfer agent. The designation, confirmed in an Oct. 6 announcement, empowers the company to maintain shareholder ledgers, process ownership changes, and handle compliance reporting directly on-chain.
In doing so, Plume becomes the first native crypto entity to step into a function long dominated by Wall Street’s traditional recordkeepers. Crucially, its system is built to plug directly into the existing infrastructure of the SEC and the DTCC, creating a seamless bridge between decentralized ledgers and the core of U.S.
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Author: Brian Danga
