TechFlow news, November 26 — According to Fortune, Prometheum, a cryptocurrency firm with close ties to the SEC, is facing new challenges. With Donald Trump’s presidential election victory and SEC Chair Gary Gensler announcing his departure early next year, the company’s previous business model based on the premise that "crypto assets are securities" may need repositioning.
Prometheum co-CEO Aaron Kaplan said the company will shift its focus toward issuing a broader range of tokenized securities on blockchain, including stocks, debt instruments, structured products, and ETFs. However, Matt Walsh, co-founder of venture capital firm Castle Island, questioned the platform's actual trading volume and pointed out that tokenization of traditional assets remains a niche market for now.
