According to FinanceFeeds, on November 10, Plume's affiliate Kimber Digital Securities secured registration with the Securities and Exchange Commission and membership in the Financial Industry Regulatory Authority, becoming a regulated U.S. broker-dealer for tokenized securities distribution.

The approval enables KDS to connect investors using self-custodial wallets with securities entitlements tied to assets held through the Depository Trust Company, rather than issuing separate synthetic tokens. Plume expects the platform to launch in the first half of 2027. KDS will represent customer-level entitlements onchain for eligible positions including stocks, ETFs and bonds, while maintaining investor rights such as dividends and voting rights. The structure builds on DTC's tokenization program, which received SEC staff no-action relief in December 2025.

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