Prometheum Eyes Tokenization Boom with Broker-Dealer Acquisition, Sec-Registry Transfer Agent
The Prometheum, the controversial digital asset securities firm, aims to achieve a jumpstart with the useful boom of tokenization, hiring a broker-dealer and launching a digital transfer agent registered with the US Securities and Exchange Commission, the company said CoinDesk exclusively.
Funny, the newly acquired Finra-member of the company and sec-registered broker-dealer, can offer the basic sales of various security products, providing outsiders on a path to raise capital directly in tokenized form. Meanwhile, Prometheum Coinery, holds shareholder records and corporate actions are both outside the blockchain.
The additions build on existing services for precautions, clearing, and secondary trade through affiliate broker-dealers, prometheum capital and prometheum ATS.
With the latest move, the company aims to position as one of the few US-controlled players offering a vertical integrated route for bringing real-world assets into a blockchain-rocky-native-a-ability format that is likely to be more critical as the tokenization trend grows older.
“Security, goods, everyone moves into the chain, and needs to be an infrastructure for it.” We are in a basic position, in my opinion, to be a significant player in the growing ecosystem. “
Expansion arrives as the asset tokenization appears as one of the fastest growing corners of the tech crypto at a time when US regulators signal A Approach to friendlier Towards digital possessions. The tokenization stands for the use of blockchain metals for the transfer and management of traditional instruments such as bonds, funds and other security, with global asset managers and banks that are increasingly engaged to achieve operational efficiency and cheaper, faster repairs. This is a potentially a unique opportunity: The tokenized asset market can be balloon to many trillion dollars over the next few years, a set of reports from Bcg, ripple, McKinsey, 21shares expected.
No wonder tokenization companies are jockeying for position to occupy the opportunity while the sector is eating. Recently, the Digital Asset Manager Superstate registered Its shift agent to the SEC and Unveiled a tokenized equity trading platform. Securitize, a tokenization firm -Blackrock and Jump Crypto Jump, bought MG STOVER’s Fund Administration Business, while Financial Services Provider Apex Group last week announced The acquisition of tokenization specialist tokeny.
The Prometheum, founded in 2017, has taken titles in recent years with efforts to follow the Gary Gensler led by the SEC, known for the harsh bearing to the crypto. The company also divided the digital asset industry with the wish Provide security -focused services For cryptocurrencies such as ether
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With new creatures, the firm now offers a fully integrated platform for tokenized securities, from initial release to secondary market trade and caution, all within US security laws, something difficult to achieve, Kaplan argued.
“This is a bigger lift than what has been done before in other (tokenization) companies,” Kaplan said. Creating a digital token of an property is the “low-hanging fruit,” while the ability to handle trading and post-trading is “exponentially more difficult,” he explained.
“The more difficult parts are the first one we built,” he said. “The other (companies) went to the other route, which was the lowest hanging fruit first, and they had a harder time moving the other way.”
“So in this announcement, it is quite clear that low-hanging fruit is in our Purview,” he said.
Jesse Hamilton contributed to reporting.
