According to Fourtune’s report, Prometheum Inc., the only SEC-registered crypto securities platform in the United States. The company announced that the first digital asset for which it will launch a custody service for its customers will be Ethereum (ETH).
At this point, Prometheum, which is trying to break new ground as the first and only crypto company registered with the SEC, stated that the company will add a number of other cryptocurrencies before launching its crypto trading activities.
Company Ethereum He stated that they plan to launch the custody service for corporate customers in late March and for trading towards the end of the second quarter.
Legal experts told Fourtune that the company’s move is part of a larger strategy to get US regulators to define Ethereum as a security.
Because, although the SEC has so far said that many cryptocurrencies are securities, it has refrained from making a definitive and clear statement about the legal status of ETH.
Company founders Aaron and Benjamin Kaplan brothers also agree with the SEC’s assessment that most cryptocurrencies are securities and think like the SEC.
In the face of this situation, experts said that Prometheus’ move to launch its Ethereum custody service could force the SEC to resolve the long-standing ETH problem.
Experts also note that Prometheum’s announcement of ETH custody services will likely be available to institutional investors later this spring. ETH He added that it showed that it was progressing towards providing trade services.
Aaron Kaplan tells Fourtune about the issue “You must have custody before doing business. “I hope our Ethereum decision will move the ball forward.” said.
What is Prometheum?
Prometheum, a company founded by two brothers named Aaron and Benjamin Kaplan, received approval from regulatory authorities in 2021 to operate an alternative trading platform similar to cryptocurrency exchanges, where users can buy and sell different securities.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!