Why tradfi Is Trending Today?

Plume, a blockchain-based platform, has launched the Global RWA Alliance in collaboration with WisdomTree, Morpho, and Centrifuge to drive the growth of tokenized assets. The alliance aims to accelerate the adoption of tokenized assets by leveraging the expertise and resources of its members. Following the SEC's approval of Plume Network as a transfer agent for tokenized securities, the price of Plume's native token, $PLUME, has surged, indicating increased investor confidence in the platform. The trial of the "Plume" case at the Palais de Justice is currently underway, featuring a heated debate between judicial experts and private experts.

Plume Network has received approval from the U.S. Securities and Exchange Commission (SEC) to act as a transfer agent for tokenized securities, a significant step towards bringing traditional finance (TradFi) onto the blockchain. This approval allows Plume to build SEC-approved infrastructure for tokenized securities, driving innovation in the digital asset space. Following the news, Plume Network's crypto, PLUME, surged by 27%, reflecting market confidence in the company's progress.