Prometheum launches digital brokerage solutions to expand the circulation channels of tokenized securities through Wall Street distribution networks

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Deep Tide TechFlow News, on May 25th, according to CoinDesk, New York digital asset infrastructure company Prometheum officially launched the Prometheum Capital digital brokerage solution, providing agency clearing, custody, and trading services for broker-dealers and registered investment advisors (RIAs), enabling them to directly offer tokenized securities and cryptocurrencies to clients through traditional brokerage accounts.

Co-founder and co-CEO Aaron Kaplan stated that there are currently hundreds of billions of dollars worth of tokenized securities on the blockchain, but there is a lack of distribution channels aimed at mainstream investors. "The crypto industry has solved the tokenization problem, but the distribution problem has not yet been addressed." Prometheum operates multiple regulated entities covering the entire lifecycle of tokenized securities issuance, trading, custody, clearing, and settlement, and joined the DTCC industry working group in May.

The first batch of agency clearing clients includes institutions such as Arete Wealth Management and Network 1 Financial Securities. Kaplan also revealed that the company is about to announce an institutional distribution partnership to attract more large issuers into the ecosystem.

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