Plume Network’s unit Kimber Digital Asset Bermuda has obtained a Class M digital asset business licence from the Bermuda Monetary Authority, it said. The Class M licence is granted with conditions tailored to a specific model, scale and risk for a limited period and scope. The approval allows the unit to design investment policies, manage assets, and issue and distribute equity tokens under BMA supervision.

Samsung Securities’ plan to enter the short-term funding business through issuer commercial paper was thrown into uncertainty again after the proposal was not placed on the Financial Services Commission’s regular meeting agenda on April 15. Market expectations had been that the firm could become the country’s eighth licensed issuer once it cleared the meeting. The omission was seen as unusual given past licensing timelines and has revived debate over fairness and the review process.