Plume Community, a modular Layer 2 blockchain devoted to real-world belongings (RWAs), has acquired a industrial license from the Abu Dhabi World Market (ADGM) Registration Authority, paving the best way for growth into the Center East.
The license permits Plume to scale RWA origination and distribution throughout the Center East, Africa, and rising markets, pending additional approvals in ADGM, the UAE’s premier worldwide monetary hub identified for its progressive fintech and digital asset guidelines.
This might assist Plume, one of many main blockchain by the variety of RWA holders, set up a foothold within the area that is attracting international banks, fintech companies and asset managers, together with BlackRock, Deutsche Financial institution and crypto companies like QCP.
Abu Dhabi additionally hosts main sovereign wealth funds just like the Abu Dhabi Funding Authority (ADIA, the world’s largest with over $1 trillion AUM) and Mubadala Funding Firm.
“The UAE and the broader Center East are quickly turning into international leaders within the tokenization of real-world belongings,” Chris Yin, co-founder and CEO of Plume, stated within the press launch shared with CoinDesk.
“The area’s progressive regulatory frameworks, institutional openness to digital finance, and ambition to diversify past conventional commodities make it an excellent surroundings for innovation. At Plume, we see the Center East not simply as a market, however as a strategic associate in shaping the way forward for compliant real-world tokenization,” Yin added.
The transfer builds on Plume’s U.S. momentum, together with a latest U.S. SEC switch agent license for tokenized securities issuance and administration.
The newest ADGM approval is a normal industrial license and doesn’t authorize participation in regulated actions equivalent to token issuance or custody. Nevertheless, the agency is exploring partnership plans with native establishments and its personal authorization for tokenization providers.
A everlasting Abu Dhabi workplace is slated by year-end, with industrial bulletins eyed for early 2026, alongside native hiring and ties to regional banks and fintechs.
Plume’s geographic focus spans the U.S., Asia, and Center East, capitalizing on pro-RWA regimes in UAE’s free zones like ADGM.
