# @therollupco: non-custodial onchain broker-dealer setup, with Alex Palmer

Source: https://x.com/therollupco/status/2120866383244218658
Kiwi News: https://news.kiwistand.com/stories/therollupco-non-custodial-onchain-broker-dealer-setup-with-Alex-Palmer?index=0x6af5c7f8419a3c4813af4dc2f3ad36d3ebdd27f8960d3d24a9e417983a508de63755b2a3
Submitted by thatalexpalmer.eth on 2026-11-12 UTC, 3 upvotes, 0 comments

## Summary

Alex Palmer describes the licensing behind Plume's new broker-dealer setup, which he says is non-custodial and onchain. He says the structure includes Kimber Digital Securities in the US and a transfer agent for onchain cap tables. Palmer argues that not taking custody is better for users, and says Kimber Digital Securities connects investors and issuers.

## Article

"It's actually better for users because we don't take custody."

Alex Palmer walks the licenses behind Plume's new broker-dealer setup, including Kimber Digital Securities in the US and a transfer agent for onchain cap tables.

"A non-custodial onchain broker-dealer is hard to get. But it’s actually better for users because we don’t take custody."

"Kimber Digital Securities connects investors and issuers."

"When we look at the entire world, we want to own everything there is to own in this financial stack."

@plumenetwork @ThatAlexPalmer