TechFlow News, May 25: According to a CoinDesk report, New York-based digital asset infrastructure firm Prometheum has officially launched its Prometheum Capital digital brokerage solution. This offering provides broker-dealers and registered investment advisors (RIAs) with agency clearing, custody, and trading services—enabling them to offer tokenized securities and crypto assets directly to clients through traditional brokerage accounts.
Aaron Kaplan, Co-Founder and Co-CEO of the company, stated that while hundreds of billions of dollars’ worth of tokenized securities already exist on-chain, there remains a lack of distribution channels catering to mainstream investors: “The crypto industry solved tokenization—but not distribution.” Prometheum operates multiple regulated entities covering the full lifecycle of tokenized securities—including issuance, trading, custody, clearing, and settlement—and joined the Depository Trust & Clearing Corporation (DTCC) Industry Working Group in May.
Among the first agency clearing clients are Arete Wealth Management and Network 1 Financial Securities. Kaplan also revealed that the company is set to announce an institutional distribution partnership aimed at attracting more major issuers to its ecosystem.
