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Plume Secures ADGM Commercial License, Eyes Middle East RWA Expansion
Source: CryptoNewsNet Original Title: Plume Secures ADGM Commercial License, Eyes Middle East RWA Expansion Original Link: https://cryptonews.net/news/altcoins/32107285/ Plume Network, a modular Layer 2 blockchain dedicated to real-world assets (RWAs), has received a commercial license from the Abu Dhabi Global Market (ADGM) Registration Authority, paving the way for expansion into the Middle East.
The license allows Plume to scale RWA origination and distribution across the Middle East, Africa, and emerging markets, pending further approvals in ADGM, the UAE’s premier international financial hub known for its progressive fintech and digital asset rules.
This would help Plume, one of the leading blockchains by the number of RWA holders, establish a foothold in the region that’s attracting global banks, fintech firms and asset managers, including BlackRock, Deutsche Bank and crypto firms like QCP.
Abu Dhabi also hosts major sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA, the world’s largest with over $1 trillion AUM) and Mubadala Investment Company.