WuBlockchain
Kimber Digital Securities, an affiliate of Plume, has received FINRA membership approval and registered with the U.S. Securities and Exchange Commission, Plume said.
The broker-dealer plans to use Depository Trust Company infrastructure to let investors hold eligible tokenized stocks, ETFs and bonds in self-custodial wallets while retaining corresponding book-entry entitlements at DTC and associated shareholder rights.
Why it matters
The proposed model aims to link tokenized securities with the existing U.S. custody and settlement system. It would pair wallet-based holdings with the book-entry records and rights associated with eligible securities.
Market impact
Plume said the model is intended to comply with requirements including best execution, independent oversight of operational and cybersecurity risks, and ongoing disclosures. The self-custody arrangement remains a plan.
Frequently asked questions
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How does Kimber plan to connect self-custody with DTC records?
Kimber plans to use DTC infrastructure so investors can hold eligible tokenized securities in self-custodial wallets while retaining corresponding book-entry entitlements at DTC.
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Which securities does the planned model cover?
The plan covers eligible tokenized stocks, ETFs and bonds.
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What happens to shareholder rights under the proposed model?
Plume said investors would retain the shareholder rights associated with their corresponding DTC book-entry entitlements.
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What compliance measures did Plume identify?
Plume said the model aims to meet requirements including best execution, independent oversight of operational and cybersecurity risks, and ongoing disclosures.
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Is Kimber's tokenized securities self-custody arrangement operating?
Plume described the arrangement as a plan. Kimber has received FINRA membership approval and registered with the SEC.
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