The Plumeberg News – From a Landmark US Stablecoin Law to On-Chain Pre-IPO Equities

This week will be remembered as a historic turning point for digital assets in the United States. After years of regulatory ambiguity, the federal government has taken its first decisive step to create clear rules for the crypto industry, with President Donald Trump signing a landmark stablecoin bill into law. The legislative breakthrough was immediately followed by supportive commentary from the SEC, which signaled its intent to foster growth in the tokenization ecosystem through potential new exemptions. This powerful top-down momentum from Washington is happening alongside continued bottom-up innovation, as platforms like Plume Network forge new partnerships to bring novel asset classes, such as pre-IPO equities, on-chain.

1）Weekly RWA Highlights

President Trump Signs Bipartisan "GENIUS Act" Into Law, Establishing First Major US Crypto Regulation

In a historic moment for the digital asset industry, President Donald Trump has signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. The legislation, which passed with wide bipartisan support in both the House and Senate, establishes the first comprehensive federal regulatory framework for stablecoin issuers in the United States. The law mandates clear reserve requirements, public disclosures, and consumer protections, aiming to bolster confidence and pave the way for the safe, large-scale adoption of dollar-backed stablecoins.

SEC Considers Regulatory Exemptions to Foster Tokenization Ecosystem Following New Crypto Law

Following the passage of the landmark GENIUS Act, the U.S. Securities and Exchange Commission (SEC) is now actively exploring an "innovation exemption" to support the tokenization ecosystem. SEC Chairman Paul Atkins stated that the agency is examining whether to ease certain regulatory hurdles to help build out the infrastructure needed for tokenized securities. This potential move signals a significant shift towards a more supportive regulatory posture, aiming to encourage innovation in digital asset markets while maintaining investor protections.

Plume and Colb Finance Partner to Tokenize and Offer Pre-IPO Equity on a Public Blockchain

RWA-focused blockchain Plume Network has partnered with Colb Finance to bring tokenized pre-IPO equity opportunities on-chain, expanding access to an asset class traditionally limited to private markets. Through the partnership, Colb will tokenize and offer access to shares of late-stage private companies on Plume's network. This initiative aims to democratize access to high-growth investment opportunities and demonstrates a key use case for RWA tokenization: unlocking liquidity for historically illiquid assets.

2）RWA Market Commentary

This week marks a seismic shift for the digital asset industry in the United States. The passage and signing of the GENIUS Act is not just another headline; it's the end of an era of regulatory ambiguity and the beginning of one defined by clear, federal guidelines. For years, the industry has been held back by uncertainty. This law, with its strong bipartisan backing, provides the "rules of the road" for the multi-hundred-billion-dollar stablecoin market, which serves as the foundational liquidity layer for the entire crypto ecosystem, including RWAs. This is the top-down validation the market has been desperately seeking.

The immediate follow-up from the SEC is just as significant. Chairman Atkins' comments about a potential "innovation exemption" for tokenization show that the legislative and regulatory branches are beginning to move in concert. Instead of a posture of regulation by enforcement, we are seeing the start of a framework designed to foster innovation. This creates a powerful one-two punch: Congress provides the legal certainty, and the SEC explores how to implement it in a way that allows the market to grow. While Washington sets the new paradigm, the private sector continues to push the boundaries of what's possible. The Plume and Colb Finance partnership to bring pre-IPO shares on-chain is a perfect example of this bottom-up innovation, tackling a real-world problem of liquidity and access. The synergy is palpable: regulatory clarity from the top provides the confidence for innovators on the ground to build the future of finance.

3）Narrative Overview

RWA Index Ranking (79.35%)

4）Tokenized Assets Analytics

Global Market Overview:

Total RWA Onchain: $25.89B (+7.59% from 30d ago)
Total Asset Holders: 315,729 (+55.77% from 30d ago)
Total Stablecoin Value: $246.17B (+3.08% from 30d ago)

Conclusion

This week was, without exaggeration, a watershed moment for the mainstreaming of digital assets in the United States. The signing of the GENIUS Act into law transforms the conversation from if crypto will be regulated to how it will be integrated into the world's largest economy. This newfound legislative clarity provides a sturdy foundation upon which a new era of financial innovation can be built. With the SEC signaling a supportive stance and the private sector continuing to bring valuable new asset classes on-chain, the conditions are now set for an accelerated phase of growth. The path forward for tokenization and digital assets is clearer and more promising than ever before.