Plume Joins DTCC Industry Working Group Pushing Tokenization of $114 Trillion Capital Markets

Open finance platform Plume has joined the DTCC industry working group, an initiative focused on jointly designing and advancing tokenization services for U.S. capital markets. DTCC holds more than $114 trillion in assets under custody and clears roughly $3.7 quadrillion in transactions every year. The working group already includes major traditional finance and DeFi companies, including BlackRock, Goldman Sachs, and Ondo Finance. Plume now joins that roster. The group’s stated goal is to design and push tokenization services for U.S. capital markets. Its membership brings together conventional financial institutions and blockchain-based finance projects. Plume is described as an open finance platform, and its participation broadens the group’s DeFi representation. DTCC’s custody and clearing scale adds context to the initiative. The membership list named so far includes some of the largest traditional finance firms alongside DeFi projects. With Plume included, the working group continues to combine both sides of the market around the group’s tokenization effort.