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Prometheum Faces Policy Shift, Plans Pivot to Securitized Assets

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Nov 26, 2024

Prometheum, a crypto company with previous ties to the US SEC, is facing challenges due to a policy shift. With Trump's election and SEC Chairman Gary Gensler's upcoming resignation, the company's model of treating crypto assets as securities may need adjustment. Co-CEO Aaron Kaplan announced a strategic pivot towards securitized assets on the blockchain, including stocks, debt instruments, structured products, and ETFs. However, concerns about the platform's trading volume and the niche status of traditional asset tokenization were raised by Matt Walsh of Castle Island Venture Capital.

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