Plume Network, a modular Layer 2 blockchain dedicated to real-world assets (RWAs), is now an SEC-regulated transfer agent, streamlining the issuance, transfer, and management of tokenized securities.

The network's native token (PLUME) rose by 25% following the announcement as daily trading volume rose by 186%, according to CoinMarketCap.

As a registered transfer agent, Plume will now manage digital securities and shareholder records directly onchain, supporting interoperability with the U.S. Depository Trust & Clearing Corporation (DTCC) settlement network, according to the press release shared with CoinDesk.

Further, it will facilitate a range of use cases, including onchain IPOs, small-cap fundraising, and registered funds. Most notably, the technology aims to reduce tokenization time

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