Plume affiliate wins US broker licence to put shares in crypto wallets
Why it matters
Stablecoin apps could soon sell regulated investment funds, not just hold digital cash. That would put payment and wallet apps alongside brokers and fund platforms as a way to reach savers.
Post to XThe short version
Kimber Digital Securities, part of blockchain firm Plume, has been approved by US regulators to act as a broker, buying and selling investments for customers, CoinDesk reported on 10 November. It plans to let people hold shares, funds and bonds in digital wallets they control themselves, starting in the first half of 2027.
Here's what happened. Kimber Digital Securities, an affiliate of Plume, has won registration with the SEC and membership of Finra, the US brokers' watchdog, as a broker-dealer, CoinDesk reported.
The plan is to let customers keep eligible stocks, ETFs and bonds in wallets where they hold their own keys, while the official record stays at DTC, the US settlement house for securities. Each token would carry dividends, voting rights and a direct claim on the underlying asset.
Launch is planned for H1 2027, the first half of next year. It is not live yet, and Plume's general counsel Salman Banaei said no Kimber platform currently serves US users.
Who is it for? Mainly stablecoin apps (apps holding digital tokens designed to be worth one dollar), which could offer regulated, income-paying products such as tokenised shares in funds from big US asset managers, according to CoinDesk.
One catch: DTC keeps a master wallet that can move, create or cancel any token, even without the holder's key, in line with SEC guidance from December 2025, CoinDesk said.
Where this comes from
Written with AI from the sources above and checked against them before publishing. Here's how we work. This is news, not financial advice. Spotted a mistake? Tell us.