The U.S. Securities and Exchange Commission (SEC) has approved Plume Network to operate as a transfer agent, marking a pivotal milestone in the digital asset space. This designation, confirmed in an October 6, 2025 announcement, empowers Plume to maintain shareholder ledgers, process ownership changes, and handle compliance reporting directly on-chain, bridging Wall Street's oversight with Web3 automation.
Plume's system is built to integrate seamlessly with existing SEC and Depository Trust & Clearing Corporation (DTCC) infrastructure, enabling compliant recordkeeping, trade tracking, and fund administration for tokenized assets. The network has already onboarded over 200,000 asset holders and facilitated $62 million in tokenized assets via its Nest Credit protocol within a three-month span. By embedding trade reporting and cap table management into smart contracts, Plume aims to reduce tokenization timelines from months to weeks, supporting use cases like on-chain IPOs, small-cap fundraising, and registered fund issuance.
Chris Yin, CEO and Co-Founder of Plume, stated: "At Plume, we believe transfer agent regulation exists to protect investors' rights as shareholders. With this fully onchain transfer agent protocol, we are streamlining the issuance of digital securities with a built-in partnership with regulators." The network is targeting 40 Act funds—a $39 trillion market encompassing mutual funds and ETFs—and has confirmed interest from such funds. Initial product offerings, including Nest protocol vaults, are planned for Q1 2026, with Plume seeking additional licenses like Alternative Trading System (ATS) and broker-dealer registrations to build a fully compliant on-chain capital market infrastructure.