Plume Affiliate Kimber Digital Securities Secures Broker-Dealer Registration for Token-Based Trading
Kimber Digital Securities will provide tokenized versions of American equities, exchange-traded funds, and fixed-income securities via self-custody wallet solutions while maintaining conventional shareholder privileges.
On Tuesday, Kimber Digital Securities, which operates as an affiliate of the Plume blockchain network, announced it has successfully completed its registration as a broker-dealer with the United States Securities and Exchange Commission and has become a member of the Financial Industry Regulatory Authority.
According to the company's announcement, Kimber Digital Securities intends to provide tokenized versions of US equities, exchange-traded funds (ETFs) and fixed-income securities that would enable investors to maintain custody through self-custodial wallet solutions. The firm did not disclose a specific date for the service launch.
Tokenized equities are blockchain-based digital tokens that serve as representations of corporate shares or entitlements connected to such shares. The movement of these tokens gets documented on a blockchain ledger. What rights token holders obtain varies based on the specific structure of the tokenization.
In contrast to wrapped securities, these planned tokens would serve as representations of actual ownership rights that are registered via the Depository Trust Company (DTC). According to Kimber Digital Securities, token holders would maintain their entitlements to dividends and voting privileges and would have the ability to move qualifying assets between conventional brokerage platforms and blockchain-based wallets.
Additionally, the firm intends to provide yield-generating investment options to users of stablecoins, which would include tokenized ownership stakes in funds operated by prominent American asset management companies.
Tokenized stock market surges sixfold as exchanges prepare for 24/7 trading
The registration of Kimber comes at a time when additional firms are getting ready to introduce continuous trading capabilities for tokenized American securities. Formation Securities made an announcement on Monday regarding its intentions to establish a trading platform built on Solana that will feature tokenized ownership of Galaxy Digital, Exodus Movement and Forward Industries, with an anticipated rollout in early 2027.
Leading American exchange platforms are working on comparable projects with anticipated launches before 2027. The New York Stock Exchange is in the process of creating a continuous tokenized securities infrastructure utilizing Avalanche for transaction settlement, whereas Nasdaq has set its sights on the second quarter of 2027 for its tokenized stock program in partnership with Payward, which is Kraken's parent entity.
The total value of tokenized equities on blockchain networks has experienced a dramatic increase of more than six times during the previous year, climbing to $3.87 billion from $643.3 million in November 2025.
