News from the SEC Caused This Altcoin’s Price to Skyrocket

Plume Network (PLUME) has been approved by the ￰0￱ and Exchange Commission (SEC) as an official transfer ￰1￱ step allows for the management of digital securities and shareholder registries directly on the blockchain, in integration with the ￰2￱ clearinghouse, the ￰3￱ the approval, the network’s native token, PLUME, gained 24 percent in value in the last 24 hours, while trading volume increased by 211 percent, according to CoinMarketCap ￰4￱ showing the rise in PLUME ￰5￱ Network, a modular Layer 2 blockchain built on “real-world assets” (RWA), aims to facilitate the issuance, transfer, and management of tokenized ￰6￱ company plans to establish a fully regulated blockchain capital markets infrastructure by obtaining Alternative Trading System (ATS) and brokerage licenses in the next ￰7￱ Yin, CEO and co-founder of Plume, said the following in a statement on the subject: “Transfer agent regulations exist to protect investors' rights as ￰8￱ are completely redefining this structure ￰9￱ collaboration with regulators, we are making the issuance of digital securities much more transparent and faster.” Yin also stated, “The crypto industry has long been searching for a bridge that combines the speed of DeFi with the security of traditional ￰10￱ this license, Plume is at the center of that search.” Related News: CFTC's Most Likely Candidate Revealed - Here Are Their Views on Cryptocurrency In the traditional financial world, transfer agents are the institutions that maintain company shareholder records, manage ownership changes, and process dividend payments.

Blockchain-based transfer agents like Plume completely digitize these processes, providing transparent and immutable records. Plume's SEC approval creates a crucial foundation for major institutions like BlackRock, Fidelity, and Apollo to conduct regulatory-compliant on-chain asset ￰11￱ company's contributions to this process are particularly prominent in discussions with regulators under the GENIUS Act. *This is not investment ￰12￱ Reading: News from the SEC Caused This Altcoin’s Price to Skyrocket