In 2024, Prometheum became the first to operationalize the special purpose broker-dealer (SPBD) license for digital asset securities custody through its subsidiary Prometheum Capital, and significantly expanded its employee and investor base
NEW YORK--(BUSINESS WIRE)--Prometheum Inc., the leading market infrastructure provider for digital asset securities, announced today it raised approximately $20 million in 2024 from a group of high-net-worth investors and institutions. The capital will support Prometheum’s continued hiring and development plans in 2025 as it completes the rollout of its vertically integrated, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities through its SEC-registered and FINRA member affiliate subsidiaries, Prometheum Capital and Prometheum ATS.
This successful fundraising highlights Prometheum’s leadership in integrating digital asset securities and the underlying blockchain technology into traditional financial markets. Digital asset securities are securities issued and transferred on a blockchain, including investment contracts, equities, debt instruments, ETFs, mutual funds, money market funds, treasuries, structured products, and more.
Aaron Kaplan, co-CEO of Prometheum, commented: “Securities issued on a blockchain aren’t just the future of financial markets—they’re driving the evolution from electronic to fully digital markets. Our leadership in this area and continued funding reflect the growing confidence among forward-thinking investors in the transformative potential of digital asset securities. With this investment, Prometheum is poised to expand its market-leading infrastructure, enabling institutions to unlock the full potential of tokenization while creating real-world opportunities for trading, innovation, and investment in digital markets.”
In September 2024, Prometheum Capital became the first firm to operationalize the SPBD license by launching its custodial services for digital asset securities. Beginning with Ethereum (ETH), The Graph (GRT), Uniswap (UNI), and Arbitrum (ARB), Prometheum Capital has established a clear framework for the custody and post-trade processing of blockchain-issued securities under federal securities laws.
Benjamin Kaplan, co-CEO of Prometheum and CEO of Prometheum Capital, commented: “The market opportunity for digital asset securities extends well beyond ‘crypto’ or investment contracts. Financial institutions recognize that blockchain technology enables faster, more cost-efficient issuance while unlocking the potential for bespoke financial products previously considered impractical. Lower issuance costs and reduced inefficiencies due to fewer intermediaries will drive greater capital allocation to digital asset securities, creating a flywheel effect of innovation and adoption. Prometheum’s infrastructure is purpose-built to support this evolution, providing the public, liquid markets needed to trade, settle, clear, and custody these securities.”
Prometheum achieved significant growth in 2024, increasing its workforce by nearly 60 percent. The company plans to continue scaling its team in 2025 to support the anticipated Q1 launch of its trading services through Prometheum ATS. This milestone, along with ongoing partnerships with leading financial institutions, will enable the development of innovative, new blockchain-enabled financial products.
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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