SEC Approval Boosts Plume’s Role as a Transfer Agent in the Fintech Landscape

The U.S. Securities and Exchange Commission (SEC) has granted Plume registration as a transfer agent, marking a significant milestone for the company in its mission to bridge traditional finance with blockchain technology. This new approval comes at a time of surging interest in tokenized securities, reflecting growing demand for more secure and regulated operations in this space. 30% price surges were observed after the SEC approval was announced, indicating investor confidence in Plume’s potential role within institutional finance. Plume will now be tasked with maintaining comprehensive shareholder records, overseeing trade executions, and managing dividend distributions directly on blockchain networks. This move aligns Plume’s operations with existing regulatory requirements and the Depository Trust & Clearing Corporation (DTCC) system. By automating these processes, Plume aims to streamline asset management while ensuring compliance.