According to Odaily, Prometheum Inc., a provider of securities market infrastructure, has announced that its subsidiary, Prometheum Capital, has received approval to offer clearing services to third-party broker-dealers. Prometheum Capital, a member of the Financial Industry Regulatory Authority (FINRA) and a registered special purpose broker-dealer with the U.S. Securities and Exchange Commission, will provide clearing services for broker-dealers seeking to conduct on-chain securities transactions under federal securities laws.
Aaron Kaplan, CEO of Prometheum Inc., has revealed plans to enter the traditional asset tokenization sector. This initiative will encompass a range of assets, including stocks, debt instruments, structured products, options, ETFs, and money market funds, all represented as blockchain securities.