Kimber Digital Securities, an entity affiliated with the Plume blockchain network, reported that it can now act as a broker-dealer following its registration with the SEC and its incorporation into FINRA. The firm will enable access to tokenized U.S. stocks, bonds, and exchange-traded funds (ETFs), allowing investors to custody these securities directly in self-custody wallets.
Unlike synthetic derivatives or wrapped instruments, assets issued under this framework represent direct property rights backed and registered through the Depository Trust Company (DTC). The initiative preserves fundamental corporate rights such as dividends and voting, facilitating the seamless transfer of securities between traditional brokerages and on-chain wallets, in addition to integrating yield instruments for stablecoin users.
The regulatory advance positions Kimber as a key player in Wall Street’s convergence with decentralized infrastructure. Looking ahead, the company is progressing toward obtaining an Alternative Trading System (ATS) license, consolidating the continuous trading of traditional securities on public networks.
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