Jia Yueting, the first batch of CXC 10 products will be a brand new category of compliant RWA assets

ChainCatcher news, Faraday Future founder Jia Yueting stated on the X platform: The U.S. Securities and Exchange Commission has approved Plume Network to become a registered transfer agent, which not only marks a milestone in compliance but also signifies the maturity of critical market infrastructure, paving the way for the legitimate on-chain recording and transfer of RWA ownership, addressing the industry's "last mile" challenge, while becoming a catalyst for the CXC 10 "dual-flywheel" strategy.

CXC 10 focuses on bringing trillions of dollars of physical assets (including vehicles, data, and energy) in the automotive ecosystem on-chain. The infrastructure is now ready, and the first products will be a new category of compliant RWA assets.