Plume Affiliate Gains Broker-Dealer Status Ahead of Tokenized Asset Service

Kimber Labs said the registration will let KDS customers connect to the U.S. securities depository DTC. Once the service launches, investors will be able to hold digital interests in eligible stocks, exchange-traded funds and bonds in self-custody wallets. Book-entry records for those securities would remain at DTC. Kimber Labs said KDS also plans to support stablecoin applications that provide access to yield products regulated by the SEC. The planned offerings include tokenized shares of funds managed by leading U.S. asset managers. Kimber Labs operates under the Plume brand as a real-world asset company. Its plans span digital interests in stocks, ETFs and bonds, plus stablecoin-based access to yield products built around tokenized fund shares. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost.

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