Bermuda Regulatory Framework Welcomes First Regulated On-Chain Vault Manager

Plume has secured a significant milestone in its mission to bring real-world assets onto blockchain networks. The company has been granted a digital asset business license by the Bermuda Monetary Authority, marking it as the first regulated on-chain vault manager.

This development is notable not only for Plume but also for the broader regulatory landscape of cryptocurrency. By obtaining this license, Plume can operate within the established framework set forth by the Bermuda Monetary Authority, alongside other prominent players in the industry such as Circle and Coinbase.