Plume Network Gets SEC OK, DTCC Link Sparks 22% PLUME Surge
Plume Network received SEC approval as a registered transfer agent, enabling on-chain management of digital securities, including shareholder registry, ownership transfers and corporate actions in real time. This SEC approval also paves the way for reporting transactions directly to the SEC and maintaining records for tokenized real-world assets under full compliance. The network integrated with the Depository Trust & Clearing Corporation (DTCC), linking blockchain processes directly to U.S. securities settlement systems. Following the announcement, the PLUME token rallied 22% within 24 hours and open interest hit a three-year high of $46 million as traders piled in. Plume Network plans to pursue an Alternative Trading System (ATS) and broker-dealer license to build a fully compliant blockchain capital market. Industry experts view this regulatory milestone and DTCC integration as a blueprint for TradFi-DeFi convergence, boosting transparency, efficiency and liquidity in crypto markets.
Bullish
The SEC approval and DTCC integration are bullish catalysts for the PLUME token. In the short term, traders reacted with a 22% price surge and record open interest, reflecting strong demand and market optimism. In the long term, regulatory compliance as a transfer agent and planned ATS and broker-dealer licences will enhance institutional confidence, support real-world asset tokenization, and attract more capital, sustaining upward pressure on PLUME.