Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Prometheum Adds ‘Digital Asset Securities’ UNI and ARB to Vault
ADOPTION NEWS

Prometheum Adds ‘Digital Asset Securities’ UNI and ARB to Vault

By Crypto FlexsAugust 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Prometheum Adds ‘Digital Asset Securities’ UNI and ARB to Vault
Share
Facebook Twitter LinkedIn Pinterest Email

The custody division of digital asset company Prometheum is Uniswap ( Uni

+7.07%
) and arbitration( Ab

+1.12%
), shortly after the soft launch of the Ether custody service.

This means that institutional and corporate customers can store it. etherAccording to UNI and ARB via Prometheum Capital name The company disclosed this on Wednesday. Coindesk We previously reported this news.

Prometheum Capital also announced plans to launch a custody service for institutional investors by the third quarter of this year.

“Prometheum Capital will continue to expand its offering of digital assets for custody and future transactions will support digital assets including debt, equities, ETFs, mutual funds, options, money market funds, and other investment contract products issued and transferred on the blockchain,” the company said.

Prometheum has been heavily scrutinized in the digital asset industry, with many cryptocurrency companies saying it is impossible to register with the U.S. Securities and Exchange Commission. However, Prometheum received a special purpose broker-dealer license from the SEC last year, first The company recently obtained a license to trade and store digital assets. It later received approval from the Financial Industry Regulatory Authority (FINRA). Allowed The license allows the company to provide cryptocurrency clearing and settlement services.

Prometheum has faced industry ire due to investigations by the Blockchain Association and Republican lawmakers. Blockchain Association Claim The company reached a “good deal” with the SEC last year, Prometheum said. possible Must be properly registered under the Securities Act.

There has been disagreement over whether some cryptocurrencies are securities or commodities. SEC Chairman Gary Gensler has repeatedly urged cryptocurrency companies to register with the SEC and has said that most cryptocurrencies are securities. Meanwhile, Commodity Futures Trading Commission Chairman Rostin Behnam has said that Ether is a goods.

It is unclear how the SEC will classify ARB and UNI. Uniswap Labs has stated that it has received a warning from the SEC that it plans to classify ARB and UNI. charge I am against decentralized exchanges.

In a press release, Prometheum commented on the changing regulatory environment.

“Regulatory changes may impact digital asset securities. Current and future legislation, SEC and CFTC rulemakings, and other regulatory and legal developments may impact how certain digital asset securities ProCap custody is classified,” the company said.

Prometheum added that “if any of the digital asset securities currently held in custody are not deemed to be securities in the future, we may not be able to continue to hold such securities.”


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025

AI TOKEN LIVEPEER (LPT) cuts 150% and then falls 40% -What is the leading volatility?

June 5, 2025

NVIDIA DALI improves data processing function with new features.

June 5, 2025

Why is the ratio of cryptocurrency exchanges near Bitcoin’s lowest level of seven years?

June 5, 2025

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025
Most Popular

Algotech presale raises $1.1 million in 2 days and transforms DeFi landscape

January 25, 2024

Bitcoin is rising. Should you invest now? 8 tips for 2024

March 12, 2024

IOTA Launches Digital Product Passport for Electronics

August 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.