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.”
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