prometheum Announced the launch of Prometheum Capital’s Digital Brokerage Solutions, a service supporting crypto and tokenized securities for broker-dealers. The company said the first customers to use the platform include Arete Wealth Management, Network 1 Financial Securities and a clearing broker-dealer. Promethium forms a partnership Talosa digital asset technology provider.
The clearing broker-dealer will support a consolidated custody account.
Prometheum Capital reported that it executed and settled its first ETH transaction directly in its US brokerage account and not through an ETF or ETP structure.
Prometheum said its service provides RIAs and broker-dealers with a compatible framework that supports existing account structures.
Harun KaplanPrometheum’s founder and co-CEO said the firms partnering with them have shown how crypto assets can reach investors at scale through relationships investors already know and trust.
David LevineArete Wealth CEO said advising and managing clients on digital assets will bolster its advisor network as crypto becomes mainstream.
