Plume (PLUME) MiCA Whitepaper
The EU's Markets in Crypto-Assets regulation (MiCA) (EU 2023/1114), marks a watershed moment for the global crypto industry, ushering in a unified legal framework that replaces the patchwork of national rules across all 27 EU member states. Designed to boost transparency, protect investors, and foster innovation, MiCA introduces requirements for token issuers, exchanges, and wallet providers, including mandatory disclosures and registration with financial authorities.
As MiCA reshapes the landscape, particularly for real-world asset tokenization, Plume is at the forefront of adapting to these changes. Recognizing the profound implications of this regulation, we have published a whitepaper to explore how MiCA impacts our ecosystem, compliance obligations, and the broader future of RWAfi in Europe.
As of June 19, 2025, Plume MiCA Whitepaper has been registered with the European Securities and Markets Authority (ESMA) after review by the Dutch Authority for the Financial Markets (AFM), the relevant National Competent Authority (NCA). This makes the Plume token eligible for "admission to trading."
What “Admission to Trading” Means Under EU Crypto Regulations
“Admission to Trading” refers to the process which a crypto-asset has to undergo before listing and trading on a regulated Crypto Exchange pursuant to MiCAR. This requires the submission, notification and registration of a whitepaper via the issuer’s National Competent Authority (NCA), which then notifies ESMA. Only assets that complete this process can be legally offered or traded on regulated platforms within the European Union.
Key Topics Included
Characteristics of the crypto-asset: The whitepaper outlines the characteristics of $PLUME, including the total supply, use cases of the token throughout the Plume ecosystem, and how the token spurs participation and engagement with decentralized RWA finance applications
Utility token access description: Utility of the $PLUME token is described, expanding upon how the token is foundational to the applications and integration of real-world assets through tokenized forms
Information about the offer to the public and/or admission to trading: Information around the offering of $PLUME through exchange listings and how it is placed through direct listings
What This Means
The Plume Foundation is committed to transparency and compliance as we bring more real-world assets onchain. The $PLUME whitepaper is a milestone on our path toward a better and safer global market for real-world assets. We support constructive policymaking efforts like MiCA that bring safety and transparency to retail investors, institutional playesr, and policymakers alike.
Modification notice
Plume published a modified version of its MiCA white paper on 27 March 2026 (the "Modified White Paper"), which is available for download on this page. The Modified White Paper was notified to the Dutch Authority for the Financial Markets on 18 March 2026.
The modifications were made to reflect certain incremental updates to $PLUME and to ensure that the white paper accurately represents its position as of the notification date specified in the Modified White Paper. The Modified White Paper also includes minor clarifications and corrections to better align with published guidance and prevailing market understanding of regulatory expectations for crypto-asset white papers. These changes do not affect the nature of the $PLUME token or the rights of token holders.
An archived version of Plume’s previous MiCA white paper dated 19 June 2025 (which has been superseded and is no longer valid) is publicly available here. This version is provided for reference purposes only.
