TechFlow news, according to documents outlining an expanded license from FINRA, Prometheum Inc. has reached the latest regulatory milestone and is preparing for final testing of a viable crypto platform capable of operating entirely under the oversight of the U.S. Securities and Exchange Commission (SEC).
Prometheum is already the first and only special-purpose crypto broker-dealer licensed under SEC rules. It has now received approval to conduct trading, clearing, and settlement of digital asset securities. Although the company has not yet executed its first trade or earned any revenue, co-CEO Aaron Kaplan said it will begin custodianship of institutional clients' assets within the next four months.
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