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, 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.
In its announcement, the company said it plans to offer tokenized US stocks, exchange-traded funds (ETFs) and bonds that investors could hold in self-custodial wallets. The company gave no launch date.
Tokenized stocks are digital tokens that represent company shares or rights tied to those shares. Transfers of the tokens are recorded on a blockchain. The rights investors receive depend on how the tokens are structured.
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