NEW YORK--(BUSINESS WIRE)--Prometheum Inc., the leading market infrastructure provider for digital asset securities, announced today the appointment of Dr. Arthur Laffer as a senior strategic advisor, and the inaugural member of its advisory committee.
In this role, Dr. Laffer will advise on Prometheum’s engagement with policymakers, offer insights on the economic and tax implications of new product development and emerging technologies, and collaborate with the company’s leadership to broaden its engagement across the finance and technology landscape.
“Dr. Laffer’s decades of economic leadership and policy advisory will be invaluable as we launch and grow the first public, secondary marketplace for digital asset securities in the U.S.,” said Aaron Kaplan, co-CEO of Prometheum Inc. “We look forward to his consultation as we build the digital markets of the future.”
Dr. Arthur B. Laffer, often referred to as “The Father of Supply-Side Economics,” is well known for the Laffer Curve, which illustrates a theoretical relationship between rates of taxation and the resulting levels of tax revenue. He rose to prominence as a member of President Reagan’s Economic Policy Advisory Board (1981–89) and has advised multiple high-level policymakers in the U.S. and abroad. In 2019, Dr. Laffer was awarded the Presidential Medal of Freedom, the nation’s highest civilian award, by President Donald J. Trump. Dr. Laffer is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm.
“Digital asset securities have the potential to reshape financial markets and introduce a wave of opportunity for investors and financial institutions,” said Dr. Laffer. “Prometheum is on the forefront of unlocking this innovation, and I’m excited to support the team in expanding access to digital asset securities and developing new avenues for economic growth in the U.S.”
With the upcoming launch of Prometheum ATS, the firm will complete its vertically integrated, blockchain-enabled ecosystem for trading, clearing, settling, and holding digital asset securities through its SEC-registered and FINRA-member affiliates, Prometheum Capital and Prometheum ATS.
Prometheum plans to broaden its advisory committee in 2025, welcoming additional industry leaders to help shape the future of digital asset securities and support the firm’s strategic initiatives.
About Prometheum, Inc.
Founded in 2017 by a group of Wall Street attorneys, Prometheum Inc. through its affiliate Prometheum ATS (trading) and Prometheum Capital (settlement, clearing, and custody) will provide an end-to-end, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities. For more information, please visit https://www.prometheum.com.
Digital asset securities may not be suitable for all investors.
Digital asset securities may not be suitable for all investors. Investors should note that investing or trading in digital asset securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity, which could impact their price and the investor's ability to sell, and possible loss of principal invested. There is always the potential of losing part or all of your money when you invest in digital asset securities. Not SIPC or FDIC insured
Regulatory changes may impact digital asset securities. Current and future legislation, SEC and CFTC rulemaking, and other regulatory and legal developments may impact the manner in which certain digital assets securities we are custodying are classified. The SEC has stated that certain digital assets may be considered “securities” under the federal securities laws. To the extent that any of the digital asset securities we are currently custodying are not deemed to be securities in the future we may not be permitted to continue to custody said securities.
Non-solicitation
This press release is issued for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Prometheum Inc., Prometheum ATS, and Prometheum Capital (collectively “Prometheum’’), or any other third party regardless of whether such security, product, or service is referenced in this press release.
Forward-looking statement
Statements herein that are not historical or current fact are “forward-looking statements” that are based on the Company’s beliefs, assumptions, and expectations of future events, taking into account the information currently available to the Company. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s proposed business and operations, as well as uncertainties relating to capital markets, some of which are difficult to predict and many of which are beyond the Company’s control. Any forward-looking statements herein are based upon information available to the Company on the date this was first sent by the Company. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized.
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