Plume Blockchain platform receives commercial license in ADGM UAE

Plume Network, a modular blockchain dedicated to real-world assets (RWAs), has received a commercial license from the Abu Dhabi Global Market (ADGM) Registration Authority, as part of their expansion into the Middle East. The latest ADGM approval is a general commercial license and does not authorize participation in regulated activities such as token issuance or custody. However, the firm is exploring partnership plans with local institutions and its own authorization for tokenization services.

As per the announcement, 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.

With the license Plume established a foothold in the region that’s attracting global banks, fintech firms and asset managers, including BlackRock, Deutsche Bank and crypto firms like QCP.

“The UAE and the broader Middle East are rapidly becoming global leaders in the tokenization of real-world assets,” Chris Yin, co-founder and CEO of Plume.”

“The region’s progressive regulatory frameworks, institutional openness to digital finance, and ambition to diversify beyond traditional commodities make it an ideal environment for innovation. At Plume, we see the Middle East not just as a market, but as a strategic partner in shaping the future of compliant real-world tokenization. Yin said in an interview.

The move builds on Plume’s U.S. momentum, including a recent U.S. SEC transfer agent license for tokenized securities issuance and management.