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Plume Obtains ADGM License, Plans Major RWA Expansion in Middle East

Highlights:

  • Plume has obtained an ADGM commercial license for Middle East expansion.
  • Plume plans to open an Abu Dhabi office and launch partnerships by 2026.
  • The UAE emerges as a key hub for digital assets and tokenization.

Plume Network, a blockchain focused on real-world assets (RWA), has received a commercial license from the Abu Dhabi Global Market (ADGM). The approval facilitates its market penetration in the Middle East. The license was issued by ADGM’s Registration Authority, which is one of the key players in the UAE’s financial zone. According to the report, this move will aid Plume in expanding its real-world asset (RWA) activities across the region.

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This license enables Plume to expand its origination and distribution of RWAs. These will cover the Middle East, Africa, and some of the emerging economies. Regulated activities like the issuance of tokens or custody are, however, not yet allowed. The company intends to seek more approvals for tokenization services.

The expansion of the company aligns with the broader Abu Dhabi digital finance objectives. ADGM has emerged as a center of global fintech, blockchain, and crypto companies. Large corporations such as BlackRock, Deutsche Bank, and QCP have also entered the region. Plume CEO Chris Yin highlighted the appeal of the region.

Yin remarked:

“The UAE and the broader Middle East are rapidly turning into the world leaders for tokenization of real-world assets.”

Strategic Expansion Aligns with Regional Fintech Momentum

Plume targets to establish a permanent office in Abu Dhabi by the end of 2025. Recruitment is already underway, as well as collaborations with local financial technologies and banks. Moreover, initial commercial announcements are planned for early 2026.

This growth is based on the recent success of Plume in the U.S. The company gained a U.S. SEC transfer agent license for managing tokenized securities. Such permission allows Plume to issue and manage securities on-chain, enhancing its status as a compliant asset manager.

The ADGM license furthermore positions Plume in the select group of blockchain innovators. Although it is not a license for regulated services, it provides operating capacity and indicates a long-term intention. Plume is actively negotiating with local establishments to expand its service offerings.

The vision of the company also involves deepening connections with RWA-friendly hubs. That includes the U.S., Asia, and now the Middle East. Furthermore, the financial environment in Abu Dhabi, influenced by the ADIA and Mubadala sovereign wealth funds, provides an investment depth.

ADGM Becomes a Hub for Digital Asset Players

Plume has obtained a commercial license in ADGM amid a wave of approvals in the UAE. Recently, Circle received a Financial Services Permission to provide USDC services, thus allowing the company to run as a regulated money-services provider.

In another key development, Tether became recognized for USDT across nine blockchain networks. The ADGM’s Financial Services Regulatory Authority has acknowledged USDT as an Accepted Fiat-Referenced Token. Furthermore, Binance was granted full approval to operate within the global framework of ADGM. This enables the exchange to be in compliance with transparent international standards. Binance’s regional services will be operated by licensed entities beginning in January 2026.

Meanwhile, the PLUME token has reacted positively following the announcement, surging by 4% to trade at $0.02170. Its market capitalization and trading volume have climbed to $68 million and $42 million, respectively.

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