Kimber registers as broker-dealer for tokenized securities

Kimber Digital Securities has registered with the U.S. Securities and Exchange Commission as a broker-dealer and joined the Financial Industry Regulatory Authority, clearing a regulatory step for its planned tokenized securities business. The company, affiliated with blockchain network Plume, announced the approvals on November 10.

Kimber plans to offer tokenized U.S. stocks, exchange-traded funds and bonds that investors could hold in self-custody wallets. The firm says the tokens would represent existing ownership rights recorded through the Depository Trust Company, rather than wrapped claims on assets held elsewhere. It says eligible holders would retain rights including dividends and voting.

The company also says eligible holdings could move between traditional brokerage accounts and onchain wallets. Those features remain part of a proposed product design, not a service demonstrated as live. Kimber did not provide a launch date in the reports describing its announcement, and some services, including access to DTC tokenized entitlements, remain under development.

Kimber also plans yield-bearing products for stablecoin users, including tokenized shares in funds managed by...