Raise Brings Prometheum Closer to Launching the First Compliant Blockchain Ecosystem for Digital Asset Securities
Prometheum (www.prometheum.com), a FINRA and SEC regulated end-to-end blockchain securities ecosystem, today announced it has closed a funding round of over $15 million. The raise was led by international investors, and this latest round of fundraising brings the total investment in Prometheum to over $27 million.
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Today’s news comes on the heels of Prometheum’s recent acquisition, pending regulatory approval, of a licensed broker-dealer and the SEC approval of its wholly-owned transfer agent, Spark Transfer Services. With these milestones, Prometheum continues to progress in its quest to build the first compliant, public ecosystem for digital asset securities.
“This funding affirms the belief our investors have in our business model and the growing need for a compliant public market infrastructure for digital assets securities,” said Aaron Kaplan, co-CEO of Prometheum. “We remain steadfast in our commitment to create the bridge between traditional Wall Street and the 21st-century digital asset market.”
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Founded by top Wall Street securities attorneys, Prometheum has successfully leveraged its deep expertise in securities regulations to create compliant blockchain infrastructure for issuers, retail investors, and financial professionals. Despite the pandemic, the company built momentum in 2020, culminating in today’s funding announcement.
“This capital infusion will accelerate the growth of the Prometheum ecosystem by allowing us to hire critical personnel, further our blockchain and trading technology and focus on strategic growth initiatives as we get closer to launch,” said Benjamin Kaplan, co-CEO of Prometheum. “We are proud of what we have accomplished in 2020 and with the increased interest we are seeing in digital asset securities, we enter 2021 with the momentum we need to innovate and evolve our offering to support a diverse spectrum of investors.”
