Jia Yueting: The first batch of CXC10 products will be a new category of compliant RWA assets
According to ChainCatcher, Faraday Future founder Jia Yueting posted on X that the US Securities and Exchange Commission has approved Plume Network as a registered transfer agent. This not only marks a milestone in compliance, but also signifies the maturity of key market infrastructure, paving the way for the legal on-chain recording and transfer of RWA ownership, solving the industry's "last mile" problem, and serving as a catalyst for the CXC10 "dual flywheel" strategy.
CXC10 focuses on bringing trillions of dollars worth of physical assets in the automotive ecosystem—including vehicles, data, and energy—on-chain. The infrastructure is now ready, and the first products will be a new category of compliant RWA assets.
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