Key Takeaways:
Plume Network, the real-world-asset blockchain, gained a seat at the DTCC's tokenization table alongside Charles Schwab, Nasdaq and Alpaca.
Plume Network, the EVM-compatible blockchain built for tokenizing real-world assets, joined the DTCC's Digital Assets Solutions Industry Working Group on Aug. 6, placing it among more than 100 firms shaping how tokenized securities clear and settle within traditional market infrastructure.
"The DTCC is the backbone to an incredible financial system that powers $114 trillion in assets today," Chris Yin, Plume cofounder, said. "Typically orgs of this size cannot move or innovate quickly. But not here."
The group expanded from more than 50 firms in May to over 100 members and partners by mid-July, according to DTCC. Its original public list included BlackRock, Goldman Sachs, JPMorgan, Circle, Robinhood, Ondo Finance, Nasdaq and Charles Schwab. Plume was not named in the May list, and neither DTCC nor Plume has disclosed the exact admission date or the workstreams Plume will support.
Membership does not mean DTCC selected Plume as a supported blockchain, issued assets through its network or entered a commercial integration. Neither company announced a deployment timetable or contract value.
The Depository Trust and Clearing Corporation settles the overwhelming majority of US securities transactions. DTCC launched its Digital Assets Solutions business line around March 31, 2026, and formed the working group to gather input from asset managers, banks, brokers, exchanges, custodians and blockchain companies on the DTC tokenization service.
The timing follows DTCC's July 15 production event, in which more than 30 firms used DTC-held securities in live tokenized transactions on LFDT's private Besu network and the public Canton network. The tests covered collateral pledges, securities lending, Treasury repo delivery versus payment, equity settlement, token transfers and central counterparty margin workflows. Plume was not named among the firms that participated.
DTCC plans to launch the service in October 2026. It will allow DTC participants to create tokenized representations, sometimes called digital twins, of eligible securities held in DTC custody, and to convert assets between traditional and tokenized records. The service operates under a three-year SEC no-action letter issued in December 2025. The authorized asset set includes Russell 1000 shares, exchange-traded funds tracking major indexes and US Treasury bills, notes and bonds. SEC Commissioner Hester Peirce described the program as a limited pilot.
DTC held assets valued at more than $114 trillion at the end of 2025, while DTCC subsidiaries processed $4.7 quadrillion in securities transactions during the year. Those figures describe DTCC's wider market infrastructure; they do not mean the entire custody base becomes tokenized at launch.
Plume's clearest US credential comes through Kimber Transfer Agency, an SEC filing shows Plume Network Inc. owns 100 percent of Kimber's voting securities. Kimber's transfer agent registration became effective Sept. 26, 2025, allowing it to maintain issuer ownership records, process changes in ownership and support distributions for tokenized securities. SEC registration does not amount to an endorsement of Plume or any investment product.
The company has positioned Kimber as a bridge between blockchain ownership records and established US market infrastructure since that registration. Plume says it intends to contribute expertise in compliance standards, transaction controls and anti-money-laundering tools for tokenized assets.
DTCC also plans to connect the service to Stellar during the first half of 2027, after the July production event used Besu and Canton, showing a multichain structure rather than a single-network commitment.
For Plume, the clearest near-term measure will be whether working group participation produces a formal DTCC integration or new issuer relationships. Until either company announces such an arrangement, the development should be treated as an advisory role in the service's design rather than a confirmed deployment on Plume. The October launch remains the milestone that will determine whether tokenized securities reach mainstream settlement infrastructure at scale.
This article is for informational purposes only and does not constitute investment advice.
