Plume affiliate Kimber registers as broker-dealer for tokenized stocks

Kimber Digital Securities, an affiliate of the blockchain network Plume, said Tuesday it registered as a broker-dealer with the SEC and joined the Financial Industry Regulatory Authority. The firm wants to sell tokenized US stocks, ETFs and bonds that investors can park in self-custodial wallets. It hasn't set a launch date.

The structure sets Kimber apart from wrapped securities. Its proposed tokens would carry existing ownership rights recorded through the Depository Trust Company, and the company says holders would keep their dividend and voting rights. Eligible positions could move back and forth between traditional brokerage accounts and onchain wallets.

Kimber also plans yield-bearing products aimed at stablecoin users, including tokenized shares in funds run by major US asset managers. The filing lands in a crowded field: Formation Securities unveiled plans Monday for a Solana-based venue trading tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries, targeting early 2027. The New York Stock Exchange is building a 24/7 tokenized securities platform with Avalanche for settlement, and Nasdaq is aiming at the second quarter of 2027 for its tokenized equity push alongside Kraken parent Payward.

The money is already moving. The value of tokenized stocks onchain has climbed more than sixfold over the past year, hitting $3.87 billion, up from $643.3 million in November 2025.