Prometheum Eyes U.S. Tokenization Boom With Acquisition and Fully Regulated Stack
The firm has acquired a broker-dealer and launched a SEC-registered digital transfer agent as competition heats up in the tokenization sector.
Prometheum
Prometheum’s Contentious Answer to Crypto Compliance Is Running Late
Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum’s custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained it’s still finishing a process for auditing smart contracts.
House Republicans Demand SEC Explain What’s Up With Crypto Platform Prometheum
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets.
Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors
Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry’s sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the likes of Morgan Stanley and Goldman Sachs Group Inc.
Ether’s Prometheum Test
The “only U.S.-registered crypto securities platform” is listing ETH in a bold test of the U.S. Securities and Exchange Commission’s thesis that most cryptocurrencies are securities.
Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto
Prometheum Inc., with the latest regulatory notch on its belt, is about to finally test whether a viable crypto platform can operate entirely within U.S. Securities and Exchange Commission (SEC) regulations.
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.
U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured federal permissions to offer crypto trading services.