Plume affiliate Kimber says it registered as broker-dealer for tokenized stocks
In brief
- Kimber Digital Securities says it registered as an SEC broker-dealer and joined FINRA.
- The Plume affiliate plans tokenized US stocks, ETFs and bonds for self-custodial wallets.
- Tokens would represent DTC-recorded ownership, keeping dividend and voting rights.
- No launch date was given for the tokenized products.
- NYSE, Nasdaq and Formation Securities are also building tokenized securities venues.
What Kimber says it's building
Tokenized stocks are digital tokens that represent company shares (or rights tied to those shares), with transfers recorded on a blockchain. What an investor actually gets depends on how the token is structured.
That's where Kimber is pitching something different. Unlike wrapped securities, the company's proposed tokens would represent existing ownership rights recorded through the Depository Trust Company (DTC), Cointelegraph reported. Kimber said investors would keep their dividend and voting rights and could move eligible holdings between traditional brokerage accounts and onchain wallets.
There's a stablecoin angle, too. Kimber said it also plans to offer yield-bearing products to stablecoin users, including tokenized shares in funds managed by major US asset managers.
A crowded field
Kimber's registration came as other companies prepared to launch around-the-clock trading of tokenized US securities, according to Cointelegraph.
Formation Securities announced plans for a Solana-based venue offering tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries, and it's targeting an early 2027 launch. The New York Stock Exchange was reported to be developing a 24/7 tokenized securities platform that uses Avalanche for settlement. Nasdaq, meanwhile, is reportedly targeting the second quarter of 2027 for its tokenized equity initiative with Payward (the parent company of Kraken).
The numbers behind it
According to Cointelegraph, the onchain value of tokenized stocks rose more than sixfold over the past year, to $3.87 billion from $643.3 million in November 2025. The outlet didn't name a data provider for that figure.
Kimber hasn't said when any of this goes live.
The broker-dealer registration and FINRA membership come from the company's own announcement as reported by Cointelegraph. Until Kimber sets a launch date, the tokenized stocks, ETFs, bonds and stablecoin yield products are still just stated plans, and they'll be entering a market where the NYSE, Nasdaq and Formation Securities are all building their own tokenized trading venues.
Frequently asked questions
What are tokenized stocks?
Tokenized stocks are digital tokens that represent company shares or rights tied to those shares, with transfers recorded on a blockchain. The rights an investor actually gets depend on how the token is structured.
How do Kimber's planned tokens differ from wrapped securities?
Kimber said its proposed tokens would represent existing ownership rights recorded through the Depository Trust Company (DTC), unlike wrapped securities. The company said investors would keep dividend and voting rights and could move eligible holdings between brokerage accounts and onchain wallets.
When will Kimber launch its tokenized products?
Kimber hasn't given a launch date. It has said it plans to offer tokenized US stocks, ETFs and bonds held in self-custodial wallets, plus yield-bearing products for stablecoin users.
