Plume Network has submitted formal comments on the Bermuda Monetary Authority's (BMA) discussion paper on asset tokenization, advocating for policy that supports secure and scalable on-chain capital markets.

The submission from the RWA-focused Layer 2 blockchain outlines five key areas for consideration. These include a commitment to Bermuda, a call for principles-based regulation, and a proposal for a tailored framework specifically for tokenized investments. Plume also emphasized the importance of non-custodial innovation with embedded compliance and offered proposals for risk mitigation and investor protection.

This move aligns with a broader industry effort to establish clear regulatory guidelines for the growing RWA sector. By engaging directly with regulators like the BMA, Plume aims to help create a global standard for compliant on-chain finance that avoids the inefficiencies of traditional systems.

Plume commended the BMA for its leadership in developing a framework for digital assets, signaling the firm’s intent to collaborate with regulators in key jurisdictions.