Prometheum, creating an SEC-compliant distributed ledger technology

Prometheum has raised $12M in total. We talked with Aaron Kaplan, its founder and Co-CEO.

How would you describe Prometheum in a single tweet?

Prometheum is creating an SEC-compliant distributed ledger technology based infrastructure to service the entire security token life cycle.

Issuance + Trading + Settlement + Custody all on a blockchain = Wall Street 2.0 = Prometheum

How did it all start and why?

Our team always believed that tokens were securities, and after the DAO Report came out in July 2017, it was confirmed. The issue became that there was no infrastructure to service the security token market in a compliant manner, so we formed the company in September 2017, and began developing the market infrastructure to allow for the issuance, transaction, clearance/settlement and custody of security tokens, fully compliant under the Federal Securities Law.

What have you achieved so far?

We’ve built out a strong team that combines the regulatory, financial services and blockchain skills that are essential to building our DLT-based market infrastructure. While building our products we’ve been working through the required regulatory processes to ensure that our proposed architecture complies with all relevant SEC and FINRA rules and regulations. We’ve raised capital from HashKey Capital and formed the key partnerships, including with Wanxiang Blockchain, required to establish ourselves in the emerging blockchain securities landscape.

What do you plan to achieve in the next 2–3 years?

Prometheum plans to launch an integrated digital asset ecosystem where the general public can buy or sell a variety of regulated digital assets. Our focus is on security tokens, but we believe that our architecture is appropriate for all categories of compliant digital assets and will play a significant role in the future of markets.