Faraday Future founder Jia Yueting announced that the U.S. Securities and Exchange Commission has approved Plume Network as a registered transfer agent. This development marks a significant compliance milestone, facilitating the legal on-chain recording and transfer of real-world asset (RWA) ownership. CXC10 aims to tokenize trillions of dollars in real-world assets within the automotive ecosystem, including vehicles, data, and energy. The first products from CXC10 will introduce a new category of compliant RWA assets, enhancing market infrastructure maturity.
Jia Yueting's CXC10 to Launch Compliant RWA Assets
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