On November 11, 2026, TechFlow reported, citing Cointelegraph, that Kimber Digital Securities — described as a company affiliated with the blockchain network Plume — said it had registered with the U.S. Securities and Exchange Commission as a broker-dealer and joined the Financial Industry Regulatory Authority (FINRA).
The company said it plans to offer tokenized U.S. stocks, exchange-traded funds, and bonds for investors to hold in self-custody wallets. No launch date had been announced.
Kimber said the tokens would represent existing ownership recorded through the Depository Trust Company (DTC). It also said investors would keep dividend and voting rights, and that eligible positions could be moved between a traditional brokerage account and an on-chain wallet.
Custody and who owes what
The notice, as relayed, describes a chain rather than a new security created only on-chain:
- Record of ownership. The underlying stock, ETF, or bond stays an existing position recorded at DTC.
- Token. The on-chain asset is described as a representation of that record, held in a self-custody wallet.
- Movement. Eligible holdings could shift between a conventional brokerage account and that wallet. The report does not name the transfer process, the smart-contract controls, or who could stop or reverse a move.
Broker-dealer registration and FINRA membership appear here as statements by the company, carried by Cointelegraph and then TechFlow. This item does not include a registration record, a timetable, reserve or liability figures, or an independent account of customer protections.
A token balance in a wallet would not, on these reported facts, establish legal title, the solvency of any party, or that dividends and votes will be delivered as described. Those points depend on the DTC record, the broker-dealer’s obligations, and a transfer process that had not been specified. Nothing in the notice is a reserve disclosure, and it does not show that on-chain visibility equals ownership.
Original report: TechFlow, November 11, 2026, citing Cointelegraph.