Plume's Kimber Digital Securities Joins FINRA, Plans Tokenized U.S. Stocks
The new broker-dealer says its tokens will carry the same DTC-recorded claim investors hold in a brokerage account. Key pieces are still in development, and there's no launch date.
Kimber Digital Securities, the broker-dealer affiliated with blockchain network Plume, said Tuesday it has been approved for FINRA membership and is now registered as a broker-dealer with the SEC.
The firm plans to offer tokenized U.S. stocks, ETFs and bonds that investors could hold in self-custodial wallets. It gave no launch date, Cointelegraph notes.
Plume announced the news on X:
Kimber Digital Securities, Plume's affiliated broker-dealer, has been approved for FINRA membership and is now registered as a broker-dealer with the SEC.
This is a milestone for Plume and a major step toward achieving Plume's mission to bring the real world onchain,… pic.twitter.com/9evcmN1SOQ
When you own a stock through a broker, the official record of that claim sits at the Depository Trust Company (DTC). Kimber says its tokens are "intended to represent that base tier security entitlement onchain," the release says. Investors would hold eligible stocks, ETFs and bonds in their own wallets "while keeping the book-entry claim that's already recorded at the DTC."
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The firm also says investors will be able to use ACATS, the standard system for moving accounts between brokers, to shift holdings between regular and onchain accounts in either direction. Plume says it has been part of a DTCC digital-assets industry working group since August.
The release is careful about timing. Access to DTC tokenized entitlements and the stablecoin-linked products "are under development and may not yet be available," it says. "Registration is a threshold, not a finish line," Plume general counsel Salman Banaei said.
Kimber's sister company, Kimber Transfer Agency, registered with the SEC as a transfer agent in September 2025. Holding securities in your own wallet comes with the usual self-custody rule: never store seed phrases or private keys in a password manager or on any electronic device. Keep them offline on paper or metal.
Twelve banks in Hong Kong's pilot can now settle tokenized-deposit trades around the clock. Standard Chartered launched a corporate product on it the same day.
The big three transfer agents serve nearly 99% of the S&P 500, NYSE says. The venue still needs regulatory approval, and no launch date has been given.
