---
title: "Crypto Wallets Could Soon Hold Real US Stocks After Plume Broker Gets SEC Nod"
url: https://thecoingazette.com/crypto-wallets-could-soon-hold-real-us-stocks-after-plume-broker-gets-sec-nod/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "TLDR Kimber Digital Securities, a Plume affiliate, is now an SEC-registered broker-dealer and FINRA member. The firm plans to let U.S. investors hold real stocks, ETFs and bonds as tokens in their own wallets. Tokens are meant to carry the same legal claim investors hold through DTC today, not a wrapped version. Stablecoin apps could [...] The post Crypto Wallets Could Soon Hold Real US Stocks After Plume Broker Gets SEC Nod appeared first on Blockonomi."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 697
---

# Crypto Wallets Could Soon Hold Real US Stocks After Plume Broker Gets SEC Nod

TLDR

Kimber Digital Securities, a Plume affiliate, is now an SEC-registered broker-dealer and FINRA member.
The firm plans to let U.S. investors hold real stocks, ETFs and bonds as tokens in their own wallets.
Tokens are meant to carry the same legal claim investors hold through DTC today, not a wrapped version.
Stablecoin apps could offer users SEC-regulated yield products once GENIUS Act rules take effect.
Some services, including DTC tokenized entitlements, are still under development.

Kimber Digital Securities, the broker-dealer linked to blockchain developer Plume, is now registered with the U.S. Securities and Exchange Commission. The firm has also been approved for membership in the Financial Industry Regulatory Authority, or FINRA.
The company announced the approvals on Nov. 10. It plans to give U.S. investors a regulated way to hold real stocks, ETFs and bonds as tokens in their own crypto wallets.
Kimber Digital Securities is a subsidiary of Kimber Labs Inc., which does business as Plume. Plume builds the Plume blockchain, an Ethereum layer 2 network made for real-world assets, and the Nest vault protocol.
The Same Claim, Recorded Onchain
The firm says its tokens are meant to represent the same legal interest investors already hold through a normal brokerage account. In the U.S., most investors do not hold legal title to their shares. Instead, they hold a “security entitlement” against their broker.
That broker holds a matching entitlement at the Depository Trust Company, known as DTC. DTC holds the securities through its nominee, Cede & Co., which is listed as the owner on the issuer’s records.
Kimber Digital Securities says each token records a position inside this existing chain of custody. The company says it is not a wrapper around an asset held somewhere else.
Because of this, the firm says token holders are meant to keep rights such as dividends, voting and a direct claim on the underlying asset. Investors could also use ACATS, the standard account transfer system, to move whole portfolios between onchain and offchain formats.
DTC holds more than $100 trillion in assets, according to the release. Plume has been part of the DTCC’s Digital Assets Solutions Industry Working Group since August.

Kimber Digital Securities, Plume's affiliated broker-dealer, has been approved for FINRA membership and is now registered as a broker-dealer with the SEC.
This is a milestone for Plume and a major step toward achieving Plume's mission to bring the real world onchain,… pic.twitter.com/9evcmN1SOQ
— Plume (@plumenetwork) November 10, 2026

Stablecoin Users and Yield
The company is also aiming at people who already use stablecoins. Rules for payment stablecoins under the GENIUS Act are set to take effect in the coming months.
Kimber Digital Securities says it will let stablecoin apps offer customers SEC-regulated products that pay yield. These include tokenized shares of funds run by large U.S. asset managers.
“Stablecoins are bringing a new generation onchain. What keeps them there is yield and access to real investment opportunities with full regulatory protections,” said Chris Yin, CEO and co-founder of Plume.
The firm says more than 700 million people hold a crypto wallet today. It also says over 700 wallet apps connect through WalletConnect alone.
General Counsel Salman Banaei called the registration “a threshold, not a finish line.” He said it lets the company move “real, unwrapped securities onto open, programmable infrastructure” while keeping investor protections.
The broker-dealer approval adds to other licenses held by Plume’s affiliates. Kimber Transfer Agency registered with the SEC as a transfer agent in September 2025.
In May, the Kimber Digital Assets Bermuda unit was approved by the Bermuda Monetary Authority as a regulated vault curator. It is authorized to issue tokenized investments.
The company said some services, including access to DTC tokenized entitlements and stablecoin products, are still under development. FINRA membership and SEC registration do not mean regulators endorse the firm or its products.
As of Sept. 30, 2026, the Plume Vaults protocol held $250 million in total value locked. About $1 billion in volume has moved through the platform, though those figures relate to the Plume protocol and not the broker-dealer.
The post Crypto Wallets Could Soon Hold Real US Stocks After Plume Broker Gets SEC Nod appeared first on Blockonomi.