Kimber Digital Securities, a subsidiary of Kimber Labs Inc. that operates under the Plume brand, announced on November 10 that it has been registered as a broker‑dealer with the U.S. Securities and Exchange Commission (SEC) and approved for membership in the Financial Industry Regulatory Authority (FINRA).
Tokenized securities in crypto wallets
The firm intends to offer U.S. investors a regulated way to hold real stocks, exchange‑traded funds (ETFs) and bonds as tokens directly in their crypto wallets. According to the company, each token represents the same legal claim that investors currently hold through a traditional brokerage account, rather than being a wrapped version of an underlying asset.
In the United States, most investors hold a “security entitlement” against their broker, which in turn holds a matching entitlement at the Depository Trust Company (DTC). DTC records ownership through its nominee, Cede & Co. Kimber Digital Securities says its tokens will be recorded within this existing chain of custody, preserving rights such as dividends, voting and direct claims on the underlying securities. The firm also plans to support the Automated Customer Account Transfer Service (ACATS) for moving entire portfolios between on‑chain and off‑chain formats.
Integration with stablecoin applications
Kimber Digital Securities is targeting users of stablecoins as well. With the upcoming implementation of the GENIUS Act, which sets rules for payment stablecoins, the company aims to enable stablecoin applications to offer SEC‑regulated yield products, including tokenized shares of funds managed by large U.S. asset managers.
Regulatory background and future steps
Kimber Digital Securities joins other Plume affiliates that hold regulatory licenses. Its transfer‑agent subsidiary, Kimber Transfer Agency, was registered with the SEC in September 2025, and the Bermuda‑based Kimber Digital Assets unit received approval from the Bermuda Monetary Authority in May as a regulated vault curator.
While the broker‑dealer registration and FINRA membership mark a significant milestone, the company notes that certain services—such as access to DTC‑tokenized entitlements and stablecoin‑linked products—are still under development. The regulatory approvals do not constitute an endorsement of the firm’s products by the SEC or FINRA.
Platform activity
As of September 30, 2026, the Plume Vaults protocol reported $250 million in total value locked and approximately $1 billion in transaction volume, figures that pertain to the protocol rather than the newly approved broker‑dealer.
