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Plume affiliate Kimber Digital Securities secures SEC registration and FINRA approval

Kimber Digital Securities, a broker-dealer affiliated with Plume Network, has registered with the SEC and secured FINRA approval to bring tokenized U.S. assets onchain.

Graphic featuring the geometric logos of Plume Network and Kimber Digital Securities side-by-side against a black background.
Image: @BSCNews

Kimber Digital Securities, an affiliate of Plume Network, has secured registration with the Securities and Exchange Commission and gained approval for Financial Industry Regulatory Authority membership as a licensed U.S. broker-dealer, according to reports from CoinDesk and BSCN.[1][2]

The regulatory approvals clear the path for delivering legally binding claims, dividends, and yield-bearing products directly to self-custodial wallets and stablecoin applications in the United States. Kimber Digital Securities plans to provide tokenized stocks, exchange-traded funds, and bonds with full shareholder rights straight to self-custodial wallets.[1][2]

Each token distributed by the firm will be backed by a claim recorded at the Depository Trust Company, which serves as the central vault for U.S. stocks and bonds. Crypto Briefing reported that the broker-dealer license could streamline tokenized securities trading, enhance regulatory compliance, and support wider market adoption.[1][3]

Key facts

  • Kimber Digital Securities registered with the SEC and received approval for FINRA membership as a licensed U.S. broker-dealer.
  • Kimber Digital Securities is an affiliate of Plume Network, whose token trades under the ticker PLUME.
  • The approvals allow the delivery of legally binding claims, dividends, and yield-bearing products directly to self-custodial wallets and stablecoin applications in the U.S.
  • The firm plans to offer tokenized stocks, ETFs, and bonds carrying full shareholder rights.
  • Every token will be backed by a claim recorded at the Depository Trust Company (DTC).

Sources · 3 sources

  1. BS

    BSCN@BSCNewsPost on X ·

    Plume now has a licensed US broker-dealer in the family Kimber Digital Securities, the broker-dealer affiliated with @plumenetwork ($PLUME), has been approved for FINRA membership and registered with the SEC. The firm plans to deliver tokenized stocks, ETFs, and bonds with full shareholder rights straight to self-custody wallets. Each token will be backed by a claim recorded at the Depository Trust Company (DTC), the central vault for US stocks and bonds.

    Open source
  2. CO

    CoindeskArticle ·

    Plume affiliate lands broker-dealer license to bring real U.S. assets onchain Kimber Digital Securities secured SEC and Finra approvals, a regulatory milestone paving the way for the delivery of legally binding claims, dividends, and yield-bearing products directly to self-custodial wallets and stablecoin applications in the U.S.

    Open source
  3. CB

    Crypto BriefingArticle ·

    Kimber Digital Securities secures broker-dealer license for onchain US assets KDS's broker-dealer license could streamline tokenized securities trading, enhancing regulatory compliance and potentially boosting market adoption. The post Kimber Digital Securities secures broker-dealer license for onchain US assets appeared first on Crypto Briefing .

    Open source