News with the tag "Prometheum"

Tokenization of Real World Assets (RWAs) is seen as a transformative financial innovation, but concerns about its misuse, such as the 'meme-coin-ification of equities,' highlight the need for robust regulatory frameworks to ensure trust and sustainability.

Prometheum Capital, a registered broker-dealer, has received authorization to offer correspondent clearing services for on-chain securities, marking a significant step towards integrating blockchain technology into mainstream US capital markets.