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Kimber Digital Securities gains broker-dealer status for tokenized assets

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Kimber Digital Securities gains broker-dealer status for tokenized assets

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, said Tuesday it had registered as a broker-dealer with the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority.

In its announcement, the company said it plans to offer tokenized US stocks, exchange-traded funds (ETFs) and bonds that investors could hold in self-custodial wallets. The company gave no launch date.

Tokenized stocks are digital tokens that represent company shares or rights tied to those shares. Transfers of the tokens are recorded on a blockchain. The rights investors receive depend on how the tokens are structured.

Unlike wrapped securities, the proposed tokens would represent existing ownership rights recorded through the Depository Trust Company (DTC). The company said investors would retain their dividend and voting rights and could transfer eligible holdings between traditional brokerage accounts and onchain wallets.

The company also plans to offer yield-bearing investment products to stablecoin users, including tokenized shares in funds managed by major US asset managers.

Kimber’s registration comes as other companies prepare to launch around-the-clock trading of tokenized US securities. On Monday, Formation Securities announced plans for a Solana-based trading venue offering tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries, with a launch targeted for early 2027.

Major US exchange operators are pursuing similar initiatives ahead of 2027. The New York Stock Exchange is developing a 24/7 tokenized securities platform using Avalanche for settlement, while Nasdaq is targeting the second quarter of 2027 for its tokenized equity initiative with Kraken’s parent, Payward.


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