On November 11, 2026, PANews reported, citing CoinDesk, that Kimber Labs—an RWA company operating under the Plume brand—said its affiliate Kimber Digital Securities (KDS) had completed U.S. SEC registration and received Financial Industry Regulatory Authority (FINRA) membership approval to act as a broker-dealer.
Kimber Labs said the registration lets KDS clients reach the Depository Trust Company (DTC). It said that once KDS is live, investors would be able to hold digital rights to eligible stocks, ETFs, and bonds in self-custodial wallets while DTC book-entry records remain in place. The company also said KDS would support stablecoin applications that offer SEC-regulated yield-bearing products, including tokenized shares of funds run by leading U.S. asset managers. Those managers were not named, and no launch date, asset list, or usage figures were given.
In the RWA narrative, the story is that a regulated U.S. intermediary can sit between legacy securities infrastructure and wallet-held digital claims. The participants named in the report are Kimber Labs, KDS, the SEC, FINRA, and DTC, plus unnamed asset managers and stablecoin apps. The proposed use case is not a replacement of DTC records but an overlay: wallet-side digital rights that still rest on traditional book-entry custody, plus a separate path to regulated fund shares.
What the November 11 report actually establishes is a company statement about completed registration and membership, relayed by CoinDesk and PANews. It does not show that the service is operating, that any securities have moved on-chain, or that users, assets under administration, or trading volume exist. Attention around a broker-dealer approval is not the same as measurable adoption of tokenized stocks, ETFs, bonds, or fund shares.
Original report (November 11, 2026): PANews
