Wall Street · Tokenization · CoinDesk
Prometheum bets Wall Street distribution is the missing link for tokenized securities
Compiled by KHAO Editorial — aggregated from 1 source + 6 references discovered via search. See llms.txt for citation guidance.
★ Tier-1 Source
Prometheum is betting that the next phase of tokenized finance will be won not by crypto exchanges, but by traditional broker-dealers and registered investment advisers (RIAs).
Key facts
- Prometheum joined the Depository Trust & Clearing Corporation (DTCC) Industry Working Group in May as one of more than 50 financial firms helping shape the development of the Depository Trust
- Prometheum’s inaugural correspondent clearing clients include Arete Wealth Management, Network 1 Financial Securities and an unnamed clearing broker-dealer, according to a company statement
- The New York-based digital asset infrastructure firm recently launched Prometheum Capital’s Digital Brokerage Solutions, a suite of correspondent clearing, custody and trading services designed
- Prometheum operates a network of SEC-registered and FINRA-member broker-dealers designed to support the full lifecycle of blockchain-based securities, including issuance, trading, custody, clearing
Summary
Prometheum launched new infrastructure allowing broker-dealers and RIAs to offer tokenized securities and crypto assets through traditional brokerage accounts. Aaron Kaplan, co-founder and co-CEO of Prometheum says tokenization has advanced faster than distribution, leaving blockchain-based securities without mainstream investor access. The company is betting regulated Wall Street firms will drive the next phase of digital assets by bringing onchain securities into traditional financial channels. "The story of tokenization so far has been about issuance, but no one has addressed the challenge of how to get those products to mainstream investors," Aaron Kaplan, co-founder and co-CEO of Prometheum told CoinDesk in an interview.