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Plume affiliate Kimber Digital Securities wins SEC and Finra approval as a broker-dealer for DTC-backed tokenized stocks
Summary
Kimber Digital Securities, an affiliate of real-world-asset blockchain Plume, said Tuesday it has registered with the SEC and joined Finra as a U.S. broker-dealer, CoinDesk and Cointelegraph reported.
The firm plans to let investors hold tokenized U.S. stocks, ETFs and bonds in self-custodial wallets as security entitlements recorded through the Depository Trust Company, keeping dividend and voting rights rather than using wrapped tokens, according to both outlets.
It also plans to offer yield-bearing products, including tokenized shares of funds from major U.S. asset managers, to stablecoin users.
Timing is where the outlets differ: Cointelegraph said the company gave no launch date, while CoinDesk quoted Plume general counsel Salman Banaei saying it hopes to launch the platform in the first half of 2027.
Key facts
- CoinDesk: Banaei said that under a December 2025 SEC no-action framework, DTC keeps a 'root wallet' that can convert, transfer, mint or burn any token, even without the holder's private key.
- CoinDesk: only blockchains that meet DTC's eligibility criteria can support the tokens, and the announcement did not say whether Plume's chain has been approved.
- CoinDesk: another Plume affiliate, Kimber Transfer Agency, registered with the SEC as a transfer agent in September last year.
- Cointelegraph: the value of tokenized stocks onchain rose to $3.87 billion from $643.3 million in November 2025, citing RWA.xyz.
- Plume CEO Chris Yin: "Our broker-dealer is how we keep those users onchain and how we connect American investors to the emerging onchain capital markets," CoinDesk reported.