According to Odaily Planet Daily, Faraday Future founder Jia Yueting posted on the X platform: "The SEC's approval of Plume Network as a registered transfer agent not only marks a milestone in compliance but also the maturity of critical market infrastructure. This paves the way for the legal on-chain recording and transfer of RWA ownership, solving the industry's "last mile" challenge and serving as a catalyst for CXC10's "dual flywheel" strategy. CXC10 is focused on bringing trillions of dollars of physical assets (including vehicles, data, and energy) in the automotive ecosystem onto the blockchain. The infrastructure is now ready, and the first product will be a new category of compliant RWA assets."