Plume Network Korea lead Sumi Kim said tokenized securities emerged from efforts to combine the strengths of traditional finance and blockchain, while stressing that legal licensing in each jurisdiction is a prerequisite for doing business. Speaking at GWDC 2026 Korea in Seoul, Kim said Plume Network, founded in 2024, covers the full process from financial asset tokenization to distribution and is already working with multiple asset managers and brokerages in the United States. She said the biggest pain point for crypto assets had previously been security, and argued that tokenized securities are one response to that problem. Kim also said tokenized assets are meaningless without demand, adding that yield-bearing products have drawn the most attention so far. On compliance, she outlined the company’s licensing path, including an early U.S. transfer agent license, a business license in Abu Dhabi Global Market, and a more recent license in Bermuda, with applications under way in places including Hong Kong. Kim also noted that South Korea’s STO-related law is set to take effect in February next year and said Korean financial institutions should pay attention to tokenized securities, not just stablecoins.
According to Techub News, GWDC 2026 Korea is being held on Sept. 29-30, 2026 at the aT Center in Seoul, South Korea. The event is hosted by Web3Labs and co-organized by Techub News, HypaiLabs, and TokenPost.
Plume Network outlines its tokenized securities business
In a keynote speech, Sumi Kim, Plume Network’s Korea lead, said the company was founded in 2024 and covers the full process from financial asset tokenization to distribution. She said Plume Network is already working with multiple asset managers and brokerages in the United States.
Kim said security had previously been the biggest pain point for crypto assets. She described tokenized securities as a product that emerged from efforts to combine the respective strengths of traditional finance and blockchain.
Demand remains central
Kim said tokenized assets have no meaning without demand. So far, she said, yield-bearing products have received the most attention.
Licenses are a prerequisite for expansion
On compliance, Kim said a business must hold legal licenses in a specific jurisdiction before it can operate there. She said Plume Network first obtained a U.S. transfer agent license, then secured a business license in Abu Dhabi Global Market, and more recently obtained a license in Bermuda. The company is also applying in Hong Kong and other locations.
Kim added that South Korea’s STO-related law will take effect in February next year, and said Korean financial institutions should also pay attention to tokenized securities in addition to stablecoins.
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