Digital securities market infrastructure provider Prometheum has raised approximately US$20 million this year, reports Business Wire. The capital will be partly put towards the firm’s development plans in 2025, which will include the rollout of its two subsidiaries, Prometheum Capital and Prometheum ATS.
The two subsidiaries will form a vertically integrated, blockchain enabled ecosystem for digital asset securities. Prometheum ATS handles trading, while Prometheum Capital covers clearing, settlement, and custody. Both entities are registered under the Securities and Exchange Commission (SEC) and are members of the Financial Industry Regulatory Authority (FINRA).
Benjamin Kaplan, co-CEO of Prometheum and CEO of Prometheum Capital says, “The market opportunity for digital asset securities extends well beyond crypto or investment contracts. Financial institutions recognise that blockchain technology enables faster, more cost-efficient issuance while unlocking the potential for bespoke financial products previously considered impractical. Lower issuance costs and reduced inefficiencies due to fewer intermediaries will drive greater capital allocation to digital asset securities, creating a flywheel effect of innovation and adoption.”
