Prometheum Capital Unlocks On-Chain Securities Clearing for US Markets

Key Points

1. Prometheum Capital is now authorized to provide correspondent clearing services, enabling other broker-dealers to leverage its infrastructure for on-chain securities.

2. On-chain securities are digital representations of traditional financial instruments issued and managed directly on a blockchain, offering benefits like transparency and efficiency.

3. Prometheum's digital asset clearing services operate under existing US securities laws, providing a regulated pathway for blockchain-based assets.

4. This development could reduce barriers for broker-dealers to handle on-chain securities without building complex regulatory and technical stacks from scratch.

5. The authorization may accelerate the adoption of blockchain technology in US capital markets by offering seamless custody, execution, and recordkeeping for on-chain assets.