Prometheum Capital will custody, clear, and settle blockchain-based securities for third-party broker-dealers, expanding investor access to on-chain assets
NEW YORK--(BUSINESS WIRE)--Prometheum Inc. (“Prometheum”), a market infrastructure provider for blockchain-based securities, announced its subsidiary Prometheum Capital, a FINRA member firm and SEC-registered special purpose broker-dealer (“SPBD”), is now authorized to provide correspondent clearing services to third-party broker-dealers. Prometheum’s FINRA member and SEC-registered broker-dealer network will support introducing broker-dealers seeking to transact in on-chain securities under federal securities laws.
Correspondent clearing allows Prometheum Capital to provide clearing, custody, execution, and recordkeeping services on behalf of other broker-dealers, enabling their clients to access and transact in on-chain securities.
Product issuers are increasingly distributing securities on-chain, with more than $24 billion of securities products already issued on blockchain networks, according to RWA.xyz. Correspondent clearing is a critical gateway for broader market participation with these assets, supporting the modernization of U.S. capital markets and accelerating institutional and retail access to on-chain securities.
“Financial markets are evolving from electronic to digital, blockchain-enabled infrastructure, facilitating the migration of the $130 trillion securities industry on-chain,” said Aaron Kaplan, founder and co-CEO of Prometheum. “Broker-dealers require a turnkey solution to access these products and offer on-chain securities alongside traditional securities products. Prometheum Capital is excited to support the broker-dealer community’s growth by offering a pathway into digital markets.”
This development expands Prometheum’s role as a leading on-chain securities infrastructure provider, allowing broker-dealers—who currently cannot custody or directly transact in on-chain securities—to access these products and expand their offerings into digital assets.
About Prometheum, Inc.
Prometheum Inc. supports the full lifecycle of securities on the blockchain through its broker-dealer network and market infrastructure for the issuance, trading, and custody of blockchain-based securities. Its subsidiary broker-dealers include Prometheum ATS (secondary market trading), Prometheum Capital (custody, clearing, and settlement), ProFinancial (capital formation and distribution), and SEC-registered digital transfer agent Prometheum Coinery. 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, Prometheum Capital, ProFinancial, and Prometheum Coinery (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.
Contacts
MEDIA CONTACT:
Jon Brubaker
jbrubaker@prometheum.com