News Explorer — What Is Prometheum and Who's Behind It?

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Jun 15, 10:21 pm

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What Is Prometheum and Who's Behind It?

Prometheum claims to be the first and only crypto-centric broker-dealer to register with the SEC and FINRA, and is the only entity to file as a special purpose broker-dealer. It says it has been working for years to build a compliant, regulated trading platform for digital asset securities. The SEC has granted Prometheum the ability to operate in 15 states, including New York. But industry observers are raising questions about the company's paper trail. The Blockchain Association has filed a FOIA request seeking documents and communications from the SEC related to Prometheum.

Prometheum claims to be the first and only crypto-centric broker-dealer to register with the SEC and FINRA, and is the only entity to file as a special purpose broker-dealer. It says it has been working for years to build a compliant, regulated trading platform for digital asset securities. The SEC has granted Prometheum the ability to operate in 15 states, including New York. But industry observers are raising questions about the company's paper trail. The Blockchain Association has filed a FOIA request seeking documents and communications from the SEC related to Prometheum.

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