Prometheum Expands Blockchain Securities Infrastructure

Addition of Prometheum Coinery and acquisition of ProFinancial enhances full lifecycle support for blockchain-based securities

Prometheum Inc., a market infrastructure provider for blockchain-based securities, announced the registration of Prometheum Coinery LLC as a digital transfer agent with the U.S. Securities and Exchange Commission ("SEC"), and the acquisition of ProFinancial Inc., an SEC-registered and FINRA member broker-dealer.

With these additions, Prometheum will support the complete lifecycle of securities issued and transferred on the blockchain – from capital formation and tokenization to secondary market trading, custody, clearance, and settlement – through its network of SEC-registered and FINRA member broker-dealer affiliates.

"Financial institutions are increasingly exploring how to issue and distribute securities and investment funds on-chain without stepping outside the bounds of U.S. securities laws," said Aaron Kaplan, founder and co-CEO of Prometheum Inc. "In today's market, blockchain issuance alone isn't enough – firms need infrastructure that mirrors the functionality of capital markets. With these additions, Prometheum empowers issuers with a vertically-integrated solution for capital formation, qualified custody, secondary trading, and post-trade services – all within the framework of U.S. securities laws."

Prometheum Coinery will provide on- and off-chain shareholder recording and will facilitate corporate actions such as dividend distributions and governance processes. ProFinancial, a broker-dealer authorized to conduct primary sales of equity, debt, mutual funds, and other securities products, will enable capital formation for product issuers.

These new capabilities complement Prometheum ATS and Prometheum Capital, which will provide services for on-chain securities trading, custody, clearing, and settlement. Through its SEC-registered and FINRA member broker-dealers, Prometheum offers a unified platform for issuers and investors to access blockchain-based investment products within the framework of U.S. securities regulations.

Source: Prometheum