Jia Yueting: The first batch of CXC10 products will be a completely new category of compliant RWA assets

ChainCatcher news, Faraday Future founder Jia Yueting posted on the X platform stating that the U.S. Securities and Exchange Commission has approved Plume Network to become a registered transfer agent. This 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, and becoming a catalyst for the CXC10 "dual-flywheel" strategy.

CXC10 focuses on bringing trillions of dollars of physical assets (including vehicles, data, and energy) from the automotive ecosystem on-chain. The infrastructure is now ready, and the first products will be a new category of compliant RWA assets.