Prometheum Breaks New Ground In Crypto Custody And Compliance

Aaron Kaplan, the co-CEO and co-founder of Prometheum, will be one of the speakers at Benzinga’s 2024 Future of Digital Assets event this November in New York City.

As a seasoned securities attorney and a leader in crypto compliance, Kaplan has steered his company through the complexities of U.S. financial regulations.

Under Kaplan’s leadership, Prometheum has gained recognition for its groundbreaking work in the crypto industry. It was notably the first firm approved by FINRA to offer custody of digital assets as a qualified custodian.

The company also launched an SEC-registered alternative trading system earlier this year, which manages trading, clearing, settlement, and custody of digital asset securities.

Developments and Recent Achievements

Earlier this year, Prometheum announced its plans to initiate Ether custody services, targeting major and liquid tokens in the market.

“Ethereum is first, and there should be many more thereafter,” Kaplan stated in a past interview with CoinDesk, highlighting the firm’s ambition to expand its services.

The launch of these services was timely, as it coincided with potential regulatory changes by the SEC. These changes could mandate that investment advisers use qualified custodians for managing crypto assets. This move could substantially benefit Prometheum, positioning it well within the new regulatory framework proposed by SEC Chair Gary Gensler.

Outlook and Industry Positioning

Prometheum’s approach not only aligns with the stringent compliance requirements of traditional financial entities but also showcases the firm’s readiness to lead in asset tokenization. This initiative plays a critical role in shaping the SEC's stance on whether cryptocurrencies like ETH will be classified as securities, contrasting the CFTC's view of ETH as a commodity.

The upcoming event promises a significant opportunity for networking and learning as industry leaders and decision-makers gather to discuss the evolving world of digital assets. Aaron Kaplan's insights will undoubtedly be a highlight, offering a closer look at how regulatory compliance and technological advancements can coexist within the crypto market.

A Meeting Of Minds

Set against the backdrop of New York City on Nov. 19, 2024, the "Future of Digital Assets" conference by Benzinga aims to be more than just an event. It is envisioned as a crucial gathering where the brightest minds in digital finance converge to shape the dialogue around digital assets. The conference will host a mix of digital asset firms, seasoned investors, and financial innovators, providing a fertile ground for networking and knowledge exchange.

The event's structure promises ample opportunities for attendees to engage with thought leaders like Draper. Through one-on-one interactions, group networking, and in-depth roundtables, participants will gain insights into digital assets' practical applications and challenges in modern finance. 

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