Kimber Digital Securities secures broker-dealer registration
Key points
- Kimber Digital Securities LLC has secured FINRA membership and SEC broker-dealer registration.
- The Plume affiliate plans to connect US stocks, ETFs and bonds with self-custodial crypto wallets.
- The registration creates a regulated route for tokenised securities, linking blockchain transactions with existing US market infrastructure.
Kimber Digital Securities LLC has secured SEC broker-dealer registration and FINRA membership, opening a regulated route for tokenised securities.
The Plume affiliate aims to connect US securities with investors' self-custodial digital wallets through existing market infrastructure.
“Registration is a threshold, not a finish line,” according to Plume General Counsel Salman Banaei.
The registration allows Kimber to operate as a securities intermediary and provide services subject to broker-dealer requirements.
The company plans to offer eligible stocks, exchange-traded funds and bonds through tokenised security entitlements.
The structure connects investor entitlements to the Depository Trust Company (DTC), which holds securities through established custody arrangements.
Plume's vault protocol held $250 million in total value locked, with approximately $1 billion in platform volume.
The registration establishes a regulated framework for bringing traditional US securities onto blockchain networks, although several planned services remain under development.
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