Kimber goes broker-dealer as stocks join the blockchain party 🪙

Kimber Digital Securities, an affiliate of blockchain network Plume, said Tuesday it had registered as a broker-dealer with the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority. The company plans to offer tokenized US stocks, exchange-traded funds (ETFs) and bonds that investors can hold in self-custodial wallets, but it gave no launch date.

The proposed tokens would represent existing ownership rights recorded through the Depository Trust Company (DTC), rather than wrapped securities. Kimber said investors would retain dividend and voting rights and could transfer eligible holdings between traditional brokerage accounts and onchain wallets. It also plans to offer yield-bearing investment products to stablecoin users, including tokenized shares in funds managed by major US asset managers.

Kimber’s registration comes as other companies prepare to launch around-the-clock trading of tokenized US securities. On Monday, Formation Securities announced plans for a Solana-based trading venue offering tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries, with a launch targeted for early 2027.

Major US exchange operators are pursuing similar initiatives ahead of 2027. The New York Stock Exchange is developing a 24/7 tokenized securities platform using Avalanche for settlement, while Nasdaq is targeting the second quarter of 2027 for its tokenized equity initiative with Kraken’s parent, Payward. The value of tokenized stocks onchain has surged more than sixfold over the past year, rising to $3.87 billion from $643.3 million in November 2025.