Plume has been approved by the U.S. Securities and Exchange Commission (SEC) as a registered transfer agent for tokenized securities, marking a significant milestone in bringing traditional financial infrastructure onchain.

After the news, the PLUME token surged by as much as 30%, jumping from $0.1022 to a peak of $0.1342 before settling around $0.12 as of late Monday evening.

This story is an excerpt from the Unchained Daily newsletter.

The registered transfer agent status means that Plume will be authorized to manage shareholder records, trades, and dividends directly on blockchain networks while linking their reporting to federal systems such as the SEC and the Depository Trust & Clearing Corporation (DTCC).

Plume already supports over 200,000 real-world asset holders and more than $62 million in tokenized assets via its Nest platform. It now aims to accelerate onboarding, fund administration, and compliant capital raises for institutional participants.