The data from the Genesis mainnet indicates that institutions are truly entering the market.

Plume obtains a Digital Asset Business License from the Bermuda Monetary Authority, becoming the first regulated on-chain asset management platform, promoting tokenization and blockchain financial infrastructure development. The Genesis mainnet has deployed over $150 million in real asset capital, placing Plume in the same regulatory environment as Circle, Coinbase, and others. Bermuda also aims to become the world's first fully on-chain national economy, and this license provides it with regulatory legitimacy.