Prometheum Capital Unveils Innovative Custody Platform

Introduction to Prometheum Capital's Custody Platform

Prometheum Ember Capital LLC, a distinguished subsidiary of Prometheum Inc., has launched its highly anticipated digital asset securities custody platform. This initiative opens the doors for various financial institutions, including corporates and institutional investment firms, to custody digital asset securities securely and with regulatory assurance. Operating under FINRA membership and SEC registration, Prometheum Capital positions itself as a specialized broker-dealer, offering innovative solutions in the digital asset landscape.

Understanding the Significance of SPBD

Qualified Custodian Status

As a special purpose broker-dealer (SPBD), Prometheum Capital holds the status of a qualified custodian. This sets it apart from most cryptocurrency trading venues and custodial services that rely solely on state licenses. Instead, Prometheum is designed to comply with rigorous standards established by federal securities laws, including the Securities Exchange Act's Customer Protection Rule. This regulatory framework ensures robust oversight and security when handling digital asset securities.

Statements from Leadership

Aaron Kaplan, co-CEO of Prometheum, Inc., emphasizes the need for trustworthy custody solutions in the evolving digital asset market. He stated, “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.” This commitment to regulatory compliance aims to build a bridge between traditional finance and the burgeoning digital asset arena, fostering participation from a diverse range of investors.

Digital Asset Support and Future Offerings

Expanding Asset Custody Capabilities

Prometheum Capital significantly broadens its support for digital assets by including popular tokens such as Optimism (OP) and The Graph (GRT), complementing existing offerings that already cover Ethereum (ETH), Uniswap (UNI), and Arbitrum (ARB). The company looks ahead to onboard traditional securities like debt instruments, equities, ETFs, mutual funds, options, and money market funds that are issued and traded using blockchain technology.

Accessibility for All Investors

Prometheum's Commitment to Growth

With the goal of democratizing access to digital asset securities, Prometheum Capital is actively working to expand custody services to retail investors in the near future. Furthermore, the company is dedicated to developing an advanced platform tailored specifically for registered investment advisors (RIAs), equipping them with the necessary tools to manage and enhance their clients' digital asset portfolios effectively.

Contacting Prometheum Capital

For those interested in utilizing Prometheum Capital's custodial services, the company encourages potential clients to visit its platform directly or reach out to discuss tailor-made solutions that fit their needs.

About Prometheum, Inc.

Founded in 2017 by a team of accomplished Wall Street attorneys, Prometheum Inc. offers an end-to-end blockchain-enabled ecosystem through its affiliate Prometheum ATS, focusing on trading, clearance, settlement, and custody of digital asset securities. The firm continues to innovate and set the standard in the realm of digital finance, making substantial contributions to this rapidly evolving sector.

Risks Associated with Digital Asset Securities

Investors should approach digital asset securities with caution, acknowledging that this sector can involve significant risks. Potential challenges include the absence of guaranteed returns, transaction costs, and a lack of liquidity, which may influence investment prices and the ability to engage in sales. There remains the distinct possibility of losing the principal amount invested.

Frequently Asked Questions

What is Prometheum Capital's custody platform?

Prometheum Capital's custody platform allows financial institutions and investors to securely hold digital asset securities in compliance with federal regulations.

Who can use Prometheum's custody services?

The custody services are designed for financial institutions, corporates, institutional investment firms, and retail investors looking to engage in digital asset securities.

What types of digital assets can be custodied?

Prometheum Capital supports various digital assets, including Ethereum, Uniswap, Arbitrum, Optimism, and The Graph, with plans to onboard traditional securities as well.

What are the risks of investing in digital asset securities?

Investing in digital asset securities carries risks such as potential loss of principal, lack of liquidity, and costs associated with buying and selling.

How does Prometheum ensure compliance?

Prometheum operates as a FINRA member and SEC-registered special purpose broker-dealer, ensuring adherence to rigorous federal regulations and standards.

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