Kimber Digital Securities gains broker-dealer status for tokenized assets
The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.
Kimber Digital Securities, a Plume affiliate, has obtained broker-dealer status from the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority. The company intends to offer tokenized US stocks, ETFs, and bonds, which investors can hold in self-custodial wallets. These tokenized assets would retain traditional shareholder rights.
Kimber plans to introduce yield-bearing investment products for stablecoin users, featuring tokenized shares in funds managed by prominent US asset managers. This move comes as other firms prepare to launch 24/7 tokenized US securities trading. Major US exchanges are also developing similar platforms, with the New York Stock Exchange and Nasdaq targeting 2027 for their respective tokenized equity initiatives.
The value of tokenized stocks onchain has surged more than sixfold in the past year, reaching $3.87 billion.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
