Kimber Digital Securities gains broker-dealer status for tokenized assets
Kimber Digital Securities, an affiliate of blockchain network Plume, registered as a broker-dealer with the SEC and joined FINRA. It plans to offer tokenized US stocks, ETFs and bonds that investors can hold in self-custodial wallets, but has not announced a launch date. Kimber says the tokens would represent existing ownership rights recorded through the Depository Trust Company, retaining eligible investors’ dividend and voting rights and enabling transfers between brokerage accounts and onchain wallets. It also plans yield-bearing products for stablecoin users. The move comes as Formation Securities, the NYSE and Nasdaq pursue tokenized securities platforms, with launches targeted for 2027. Onchain tokenized-stock value has grown more than sixfold over the past year to $3.87 billion.
