Prometheum Inc. announced that it has received the latest regulatory approval under the United States Securities and Exchange Commission (SEC) regulations and is about to test a viable crypto platform that is fully compliant with SEC regulations. Prometheum, which has become the first and only firm to be licensed as a special purpose crypto broker-dealer under SEC rules, is now approved to conduct clearing and trading of digital asset securities, according to expanded license documents published by FINRA (Financial Industry Regulatory Authority). Settlement.
Prometheum plans to begin providing digital asset custody services to asset management companies, hedge funds and other financial institutions in the first quarter of 2024. By the second quarter, the company plans to offer trading and clearing services to clients — first institutional clients and then retail investors. Kaplan also sees it as a potential platform for the tokenization of traditional securities. (CoinDesk)