Prometheum Acquires Broker-Dealer to Enhance Tokenization Services in U.S.
Prometheum, a digital asset securities firm, is acquiring a broker-dealer and launching a digital transfer agent registered with the SEC to enter the tokenization market. Key points include:
- Acquisition of ProFinancial, a FINRA-member and SEC-registered broker-dealer, enabling primary sales of tokenized securities.
- Launch of Prometheum Coinery for managing shareholder records and corporate actions on and off the blockchain.
- Expansion of existing custody, clearing, and secondary trading services through affiliated firms.
- Aiming to provide an integrated process for converting real-world assets into blockchain format.
- Tokenization is gaining traction as U.S. regulators adopt a more favorable stance toward digital assets.
- The tokenized asset market could grow to multiple trillions of dollars in the coming years according to various reports.
Prometheum's approach focuses on building a comprehensive platform within U.S. securities laws, addressing both trading and post-trading challenges, positioning itself strategically in a rapidly evolving sector.