Plume joins DTCC’s working group for digital assets

The blockchain platform Plume is joining the Digital Assets Solutions Industry Working Group of the Depository Trust & Clearing Corporation, better known as DTCC. This working group also includes major names such as Charles Schwab, Nasdaq and Alpaca.

In short:

• Plume becomes a member of the DTCC working group for digital assets, alongside Charles Schwab and Nasdaq, among others.
• The working group provides feedback on the DTCC Tokenization Service and encourages broader adoption of digital assets.
• DTCC manages custody and services for more than $114 trillion in assets worldwide.

What is the DTCC working group?

The Digital Assets Solutions Industry Working Group was established to provide feedback on the DTCC Tokenization Service. The group also aims to keep the dialogue on digital assets going and stimulate innovation in the financial sector.

DTCC is the primary post-trade market infrastructure for global financial services. The company provides custody and services for more than $114 trillion in assets.

What does Plume bring to the table?

Plume says it intends to deploy its expertise in the field of compliance within the working group. The platform works with security partners who scan every transaction at sequencer level, before it even reaches the blockchain.

In addition, Plume has Kimber Transfer Agency, a SEC-registered transfer agent. Through this division, Plume maintains an official ownership register for tokenised securities.