Plume Network has achieved a landmark regulatory milestone by becoming the first blockchain-native company approved by the U.S. Securities and Exchange Commission (SEC) to function as a registered transfer agent. The approval, confirmed in early October, grants the company the authority to manage on-chain recordkeeping, trade tracking, and fund administration for tokenized assets while operating fully within U.S. financial regulations. This development signifies a crucial moment in the convergence of traditional Wall Street mechanisms and blockchain-based innovation.
As a transfer agent, Plume Network now holds the ability to perform essential financial functions such as maintaining shareholder ledgers, processing ownership transfers, and managing compliance reporting. What distinguishes the company’s approach is its integration of blockchain technology, which introduces transparency, automation, and tamper-proof recordkeeping to processes that have historically relied on manual verification. Through the use of smart contracts, every ownership change or transaction is permanently logged on-chain, creating a verifiable and immutable audit trail for regulators and stakeholders alike.
Streamlining Capital Markets Through Automation
In the conventional financial environment, the transfer of ownership, dividend distribution, and shareholder communications often involve multiple intermediaries and lengthy administrative steps. Plume’s blockchain-based infrastructure redefines this framework by embedding key processes — including cap table management and trade reporting — directly into smart contracts. This automation allows the company to reduce tokenization timelines from several months to just a few weeks, significantly improving efficiency for issuers and investors.
The company’s platform also supports complex financial operations that have historically struggled with regulatory compliance, such as on-chain initial public offerings (IPOs), small-cap fundraising, and the issuance of registered investment funds. Asset managers stand to benefit from Plume’s built-in fund administration tools, which enable the creation, management, and settlement of tokenized securities while adhering to SEC reporting and disclosure obligations.
Bridging Wall Street Infrastructure with Web3 Innovation
Plume’s system is built for seamless interoperability with existing regulatory and clearing infrastructures, including the SEC’s digital frameworks and the Depository Trust & Clearing Corporation (DTCC). This alignment allows blockchain-based assets to be integrated into the traditional financial ecosystem without sacrificing compliance. The bridge effectively enables institutions to access the operational efficiency and transparency of decentralized systems while maintaining adherence to established financial safeguards.
RWAs need rails that work for everyone. DeFi-native, institution-ready, and globally scalable.
Today's approval brings the RWAfi vision one step closer.https://t.co/UUkCM1KfzB
— Plume – RWAfi Chain (@plumenetwork) October 6, 2025
In a demonstration of its technical and operational readiness, Plume has already facilitated the processing of over $62 million worth of tokenized assets and onboarded more than 200,000 real-world asset holders through its Nest Credit protocol in a span of just three months. This early performance reflects the scalability and institutional viability of its blockchain-native model.
Positioning for the $39 Trillion Asset Management Market
With its SEC registration, Plume Network is now turning its focus toward the U.S. asset management sector — particularly 40 Act funds, which encompass mutual funds and exchange-traded funds (ETFs). This market represents an estimated $39 trillion in managed assets. Plume’s leadership reportedly indicated that several traditional fund managers have already expressed interest in transitioning to blockchain-based operations using Plume’s compliant infrastructure.
By aligning decentralized technology with strict financial governance, Plume Network is establishing a new model for how blockchain systems can coexist with regulatory institutions. Its approval by the SEC not only validates the company’s technological approach but also sets a precedent for other blockchain firms seeking to enter regulated markets. The development highlights a broader shift in the financial landscape, where decentralized frameworks are beginning to complement — rather than challenge — long-standing institutional structures.
Through this regulatory achievement, Plume Network positions itself as a bridge between two worlds: the stability and oversight of Wall Street and the transparency and automation of Web3. As global finance continues to evolve toward tokenized and programmable assets, Plume’s approval may mark the beginning of a new era in compliant blockchain-based financial infrastructure.
