Plume just collected two regulatory stamps in quick succession: a US SEC transfer agent registration and a Class M Digital Asset Business Licence from the Bermuda Monetary Authority. The dual-jurisdiction approach signals a platform serious about courting institutional money.
The Bermuda licence was secured through Kimber Digital Assets Bermuda ISAC Ltd, a subsidiary of Kimber Labs Inc., the company behind Plume. Under Bermuda’s Digital Asset Business Act 2018, KDAB now holds the distinction of being the first regulated onchain vault manager operating within the island nation’s legal framework.
What the licence actually means
Bermuda’s DABA has been on the books since 2018, making it one of the more seasoned regulatory frameworks for digital assets globally. A Class M licence specifically authorizes digital asset business operations under that framework.
The “first regulated” claim matters because the tokenization space has been crowded with platforms promising institutional-grade infrastructure while operating in regulatory gray zones. Having a licence from a recognized monetary authority, rather than just a legal opinion from a friendly law firm, is a meaningful differentiator when you’re trying to convince pension funds and family offices to park capital on your platform.
