Prometheum Ember Capital LLC (“Prometheum Capital”), a subsidiary of Prometheum Inc., announced the launch of its digital asset securities custody platform. Financial institutions, corporates, and institutional investment firms can now custody digital asset securities through Prometheum Capital, a FINRA member firm and SEC-registered special purpose (“SPBD”) broker-dealer for digital asset securities.
As an SPBD, Prometheum Capital is a ‘qualified custodian’. Unlike most crypto venues and other trading or custodial platforms in the U.S. that operate under state licenses, Prometheum Capital is tailored to meet the regulatory and compliance standards promulgated by the federal securities laws including the Securities and Exchange Act (“SEA”) 15c3-3 Customer Protection Rule and reporting requirements under 17A-5.
“Continued growth and product expansion in digital assets hinges on trusted and reliable custody solutions. Prometheum believes that investors and product issuers need a partner operating under the full rigor of federal securities laws,” said Aaron Kaplan, co-CEO of Prometheum, Inc. “By pioneering a path for digital asset custody in this way, Prometheum aims to bridge the gap between traditional finance and the emerging digital asset ecosystem, allowing all types of investors to participate.”
Prometheum Capital now supports Optimism (OP) and The Graph (GRT), building on its existing offerings for Ethereum (ETH), Uniswap (UNI), and Arbitrum (ARB). Future plans include onboarding traditional securities including debt, equities, ETFs, mutual funds, options, money market funds, and other investment contract products issued and transferred on a blockchain.
Prometheum Capital is committed to expanding access to digital asset securities for all investors, including expanding custody services to retail investors in the near future. At the same time, Prometheum Capital is developing an advanced platform for RIAs, providing the tools needed to efficiently manage and grow their clients’ digital asset portfolios.
Source: Prometheum Capital
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