Overview
- Prometheum publicly launched Prometheum Capital’s Digital Brokerage Solutions to provide correspondent clearing, custody, execution and trading services that let broker-dealers and RIAs offer tokenized securities through existing brokerage accounts.
- The company says the main bottleneck is distribution not tokenization and that its regulated network of SEC-registered, FINRA-member broker-dealers provides the compliance and custody controls needed to move on-chain securities into mainstream channels.
- Prometheum named Arete Wealth Management, Network 1 Financial Securities and an unnamed clearing broker-dealer as inaugural correspondent clients and said more broker-dealers and RIAs will onboard in the coming months.
- The firm joined the DTCC/DTC Industry Working Group to help align its offering with the industry’s tokenization work, and it is developing an institutional distribution partnership to attract larger issuers.
- If adopted at scale this model could let ordinary investors access blockchain-native versions of familiar assets while shifting settlement, custody and compliance work back to regulated intermediaries, though broader Wall Street adoption will depend on regulatory clarity.