News

Prometheum Launches New Digital Asset Securities Platform Regulated By SEC

Prometheum Ember ATS announced today the launch of its alternative trading system. It will offer digital asset securities trading, clearing, settlement, and custody as part of the new trading system, the company said.

Prometheum ATS is aimed to provide a full solution for digital asset securities trading, clearing, settlement, and custody by integrating with partners such as Anchorage Digital Bank.

Prometheum founder and co-CEO Aaron Kaplan stated:

“For too long, digital asset trading has been conducted on unregulated platforms instead of on a platform which works within the current SEC framework for digital asset securities. Prometheum sets itself apart by maintaining the ability to be sustainably compliant under current securities laws, ensuring the multi-layer protections and standards required on Wall Street.”

Prometheum ATS is designed to work in tandem with historical securities trading platforms. This is accomplished by establishing direct contact with competent custodians to promote rapid and efficient settlement and to provide a compliance solution for trading digital asset securities.

The underlying blockchain technology removes middlemen and allows for same-day settlement. Flow, Filecoin, The Graph, Compound, and Celo are among the digital asset securities supported at launch. Institutional clients that sign up at the start will receive a 50% discount on transaction costs for the first six months.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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