Plume: First SEC-Approved Transfer Agent for Tokenized Assets!

Plume: First SEC-Approved Transfer Agent for Tokenized Assets!

Plume has taken a significant step in the world of tokenized securities by becoming recognized as the first SEC-approved transfer agent for onchain transactions in the United States. This approval, announced on October 6, 2025, enables Plume to conduct proper recordkeeping, trade tracking, and fund management on the blockchain. In doing so, Plume provides a bridge between the traditional world of finance, as represented by Wall Street, and the emerging Web3 technology, signaling significant interest and opportunity for innovation in the financial sector.

Plume's new system interacts directly with the SEC and DTCC (Depository Trust & Clearing Corporation) infrastructure. The company has already onboarded over 200,000 asset holders, processing over $62 million in tokenized assets in just three months. This shows Plume’s potential to act as a pioneering force in cross-sector tokenization.

Features and benefits of the new system

With the approval, Plume will be able to realize key functions such as maintaining shareholder registers, processing ownership changes, and conducting compliance reporting directly on-chain. Transfer agents act as official recordkeepers of securities and play a crucial role in the financial ecosystem. Plume aims to shorten processes that traditionally take months to just weeks. Use cases include, but are not limited to, on-chain IPOs, small capital financings, and registered fund issuances.

Additionally, Plume provides asset managers with native fund management tools to create, manage and transact tokenized securities. These improvements are part of the firm's broader strategy to create compliant blockchain efficiency on-ramps for traditional funds looking for new ways to penetrate the valuable 40 Act funds market, representing a total value of $39 trillion.

Future prospects

The interest from traditional funds in Plume's services underscores the urgency and need for regulations and technologies that enable seamless integration of blockchain into existing processes. Plume's development could have far-reaching implications for the way assets are managed and traded, particularly in a rapidly evolving financial environment. So Plume is not only the first native crypto transfer agent in the US, but also an important step towards a regulated and more efficient future for tokenized assets.

For more information about Plume's innovative approaches and SEC approval, please visit coverage at Crypto News.