Better Trading Ahead: Anchorage and Prometheum Partner to Launch First Digital Asset ATS
With Anchorage custody and settlement, Prometheum takes critical step towards launching the first public Alternative Trading System (“ATS”) for digital asset securities
Diogo Mónica and Nathan McCauley
Today, we are pleased to announce our partnership with digital asset securities platform, Prometheum, to create the first public Alternative Trading System (ATS) for digital assets. Pending regulatory approval, the ATS will be a FINRA and SEC regulated trading system that allows investors to trade digital asset securities.
The ATS, headed by Prometheum’s wholly-owned subsidiary, Prometheum Ember ATS (“PEATS”), is a trading venue that matches buyers and sellers as a registered broker-dealer. At present, this kind of service is only available in private share markets relegated to accredited and institutional investors, PEATS would be available to the public. Together, Anchorage and Prometheum will enable the first public digital asset ATS, delivering a sophisticated blockchain trading experience.
“A public ATS for digital assets will allow more efficient order matching and better price discovery, bringing smaller price spreads and simplified participation for all investors”, said Aaron Kaplan, Founder and Co-CEO of Prometheum, “With Anchorage’s digital asset banking approval, we are even more encouraged about the regulatory environment going forward and are confident we have chosen the right partner.”
When its ATS goes live, Prometheum will be a full-service SEC and FINRA registered electronic market integrating both traditional and blockchain technology for the trading of digital asset securities. Once launched, Anchorage Digital Bank will provide custody and on-chain settlement through custom APIs built for the Prometheum ATS. PEATS follows recent guidance from the SEC, known as the SEC 3-Step Process and will be open to trading pending final regulatory approval.
As the first nationally chartered digital asset bank, Anchorage brings together the highest regulatory bar and the technical expertise needed to rival traditional asset settlement in crypto. This designation, together with Prometheum’s pending ATS application, lays a strong regulatory foundation for the first public market for digital asset securities.
We believe regulatory clarity is essential to enabling broad participation in digital assets. It’s by operating in existing regulatory frameworks that we can build trust with regulators and bring innovations to market with capable builders like Prometheum.
If you’d like to stay in the loop around ATS developments, or learn more about Anchorage, please get in touch.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured.
Prometheum, Inc. Disclaimer
The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.
You may obtain a copy of the Preliminary Offering Circular and the offering statement in which such Preliminary Offering Circular was filed with the SEC by visiting: https://www.sec.gov/cgi-bin/browse-edgar?company=Prometheum&owner=exclude&action=getcompany.