Prometheum, the controversial firm of digital asset values, aims to achieve a submarine in the lucrative boom of tokenization, acquiring a stockbroker and launching a registered digital transfer agent with the stock commission and values of the United States, the company told COINDESK exclusively.
Profinantial, the newly acquired member of Finra-Membro of the firm and the stockbroker registered in the SEC, can offer primary sales of various securities products, which provides the Issuers a path to increase capital directly directly. Meanwhile, Prometheum Coinery manages the records of shareholders and corporate actions both inside and outside the block chain.
Additions are based on existing services for custody, compensation and secondary trade through their affiliated stockbroops, the Prometheus capital and the Ats Prometheum.
With the last movement, the company aims to position itself as one of the few players regulated by the United States that offer an integrated route vertically to bring real world assets to a native Blockchain format, a capacity that probably becomes more critical as the trend of mature token.
“Values, basic products, everything else is moving in the chain, and there must be an infrastructure for that. [There’s] A cake that will grow significantly, just as everything went from paper to electronic, “Aaron Kaplan, Co-Coo told Coindesk in an interview.” We are in a privileged position, in my opinion, to be a significant player in that growing ecosystem. “
The expansion occurs when asset token arises as one of the fastest growing corners of cryptographic technology at a time when US regulators indicate a more friendly approach to digital assets. Tokenization means using blockchain rails to move and manage traditional instruments such as bonds, funds and other values, with managers and global asset banks increasingly involved to achieve operational efficiencies and cheaper and faster agreements. It is potentially a lucrative opportunity: the tokenized asset market could balance multiple billion dollars in the coming years, a range of BCG, Ripple, McKinsey reports, 21Shares projected.
It is not surprising that tokenization companies are cheating for the position to take advantage of the opportunity as the sector is heated. Recently, Digital Asset Manager Superstate registered its transfer agent at the SEC and presented a tokenized capital trade platform. Securitize, a tokenization firm backed by Blackrock and Jump Crypto, bought the MG Stover fund management business, while the APEX Group financial services provider announced last week the acquisition of Tokeny Tokeny tokeny specialist.
Prometheum, founded in 2017, was news in recent years with efforts to fulfill the SEC led by Gary Gensler, known for its hard position towards cryptography. The company also divided the digital asset industry with the desire to provide services focused on cryptocurrencies such as Ether
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With the new entities, the company can now offer a fully integrated platform for tokenized values, from the initial issuance to the trade and custody of the secondary market, all within the US securities laws. UU., Something that is difficult to achieve, Kaplan argued.
“It is a much larger elevator than what was previously done with these others [tokenization] Companies, “said Kaplan. The creation of a digital token from an asset is the” low fruit “, while it can handle trade and post-compliance are” exponentially more difficult, “he explained.
“The hardest parts are what we build first,” he said. “Other [firms] It was the other route, which was the lowest pendant fruit first, and they have had more difficulties in making the transition the other way. “
“So, with this announcement, it is quite clear that the low fruit is in our reach,” he said.
Jesse Hamilton contributed reports.
