Kimber Digital Securities Gains SEC Broker-Dealer Status
The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets with traditional shareholder rights preserved.
Kimber Digital Securities, an affiliate of blockchain network Plume, has registered as a broker-dealer with the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority, according to Cointelegraph. The company plans to offer tokenized US stocks, exchange-traded funds and bonds that investors can hold in self-custodial wallets.
Tokenization Structure and Rights
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Tokenized stocks represent company shares or rights tied to those shares, with transfers recorded on a blockchain. Unlike wrapped securities, the proposed tokens represent existing ownership rights recorded through the Depository Trust Company. Investors retain their dividend and voting rights and can transfer eligible holdings between traditional brokerage accounts and onchain wallets. Kimber also plans to offer yield-bearing investment products to stablecoin users, including tokenized shares in funds managed by major US asset managers.
Market Context
Kimber's registration arrives as other companies prepare to launch around-the-clock trading of tokenized US securities. Formation Securities announced plans for a Solana-based trading venue offering tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries, targeting an early 2027 launch. Major US exchange operators are also pursuing similar initiatives ahead of 2027, with the New York Stock Exchange developing a 24/7 tokenized securities platform using Avalanche for settlement, and Nasdaq targeting the second quarter of 2027 for its tokenized equity initiative with Kraken's parent, Payward.
The value of tokenized stocks onchain has surged more than sixfold over the past year, rising to $3.87 billion from $643.3 million in November 2025.
Key Facts
- Kimber Digital Securities registered as a broker-dealer with the SEC and joined FINRA.
- The company plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets.
- Proposed tokens represent existing ownership rights recorded through the Depository Trust Company, preserving dividend and voting rights.
- The value of tokenized stocks onchain has surged to $3.87 billion from $643.3 million over the past year.
Source: cointelegraph.com
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