Prometheum Inc., a market infrastructure provider for blockchain -based titles, announced that its subsidiary Prometheum Capital, a member company of FINRA and a special use broker recorded at the SEC (“SPBD”), is now authorized to provide compensation services corresponding to third -party brokers. The member of the registered broker of the Finra of Prometheum and the network of brokers registered at the SEC will support the introduction of brokers who seek to carry out transactions in current titles under the federal securities laws.
The corresponding compensation allows Prometheum Capital to provide compensation, childcare, execution and file of files on behalf of other brokers, allowing their customers to access and transform into chain titles.
Product issuers are increasingly distributing chain titles, with more than $ 24 billion in securities products already issued on blockchain networks, according to Rwa.xyz. The corresponding compensation is a critical gateway for a broader market participation with these assets, supporting the modernization of the American capital markets and accelerating institutional and retail access to chain securities.
“The financial markets go from electronic infrastructure to digital and compatible with blockchain, facilitating the migration of the securities industry of 130 billions of dollars,” said Aaron Kaplan, founder and CO-PDG of Prometheum. “Brokers need a turnkey solution to access these products and offer chain titles alongside traditional securities products. Prometheum Capital is delighted to support the growth of the broker community by offering a path to the digital markets. ”
This evolution is expanding the role of Prometheum as a leader of leading securities infrastructure, allowing brokers – which cannot currently be in police custody or directly in chain titles – to access these products and extend their offers in digital assets.
Source: Prometheum
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