Prometheum, a NYC-based market infrastructure provider for digital asset securities, raised $20M in funding.
Backers were not disclosed.
The capital will support Prometheum’s continued hiring and development plans in 2025 as it completes the rollout of its vertically integrated, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities through its SEC-registered and FINRA member affiliate subsidiaries, Prometheum Capital and Prometheum ATS.
The company intends to use the funds to continue scaling its team in 2025 to support the anticipated Q1 launch of its trading services through Prometheum ATS.
Led by co-CEOs Aaron Kaplan and Benjamin Kaplan, Prometheum, through its affiliate Prometheum ATS (trading) and Prometheum Capital (settlement, clearing, and custody) will provide an end-to-end, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities.
The company achieved significant growth in 2024, increasing its workforce by nearly 60 percent. In September, Prometheum Capital operationalizes the SPBD license by launching its custodial services for digital asset securities. Beginning with Ethereum (ETH), The Graph (GRT), Uniswap (UNI), and Arbitrum (ARB), Prometheum Capital has established a clear framework for the custody and post-trade processing of blockchain-issued securities under federal securities laws.
The company plans to continue scaling its team in 2025 to support the anticipated Q1 launch of its trading services through Prometheum ATS. This milestone, along with ongoing partnerships with leading financial institutions, will enable the development of new blockchain-enabled financial products.
FinSMEs
17/12/2024