“With their support, we’re able to advance our mission of establishing sophisticated, regulated, market infrastructure for the investing community.”
Prometheum has selected Broadridge for back-office solutions, including bookkeeping, trade capture, reconciliations, regulatory reporting, and more.
Founded in 2017 by a group of Wall Street attorneys, Prometheum Inc. is preparing to launch a full suite of custody, clearing, and settlement services for digital asset securities.
To that effect, Prometheum will deploy Broadridge’s Shadow Post Trade Processing Solution and Business Process Outsourcing (BPO) solutions. Prometheum anticipates launching its custodial services this quarter.
“Forging a path for the future of digital asset securities within the financial industry”
Benjamin Kaplan, CEO of Prometheum, said: “Aligning our core operations with Broadridge is a critical business step for Prometheum. With their support, we’re able to advance our mission of establishing sophisticated, regulated, market infrastructure for the investing community. This strategic partnership marks an important milestone for Prometheum.”
Zachary Dea, Director, Head of Product for the Shadow Post Trade Processing Solution at Broadridge, commented: “We are excited to collaborate with Prometheum to support the evolution of financial market structure and facilitate the ongoing expansion of digital asset securities. By combining Broadridge’s expertise with Prometheum’s vision, Prometheum is now able to empower investors and businesses alike. Together, we are forging a path for the future of digital asset securities within the financial industry.”
Prometheum is registered with FINRA and the SEC
Prometheum ATS is a FINRA member and SEC registered ATS and broker-dealer, approved to operate an Alternative Trading System (ATS) for digital asset securities. Prometheum is designed to natively support digital asset securities. The company is building a vertically integrated, blockchain-enabled platform for the issuance, trading, settlement, and custody of digital asset securities.
According to the firm, Prometheum ATS offers pricing that is more competitive than major crypto exchanges using a variant of a maker/taker model. New customers will benefit from a 6-month 50% fee reduction on transaction fees. Fee reduction will commence after you incur your first transaction fee.
The Prometheum ATS trading system provides a web-based front-end and order management system for customers. Additionally, its APIs provide seamless integration for algo traders and in-house front ends.
