Prometheum Capital Adds Two New Digital Asset Securities to Custodial Platform

NEW YORK–(BUSINESS WIRE)–Prometheum Ember Capital LLC (“Prometheum Capital”), a subsidiary of Prometheum Inc., announced today the addition of digital asset securities (“DAS”) Uniswap (UNI) and Arbitrum (ARB) to its custodial platform.

Institutional and corporate clients in the U.S. will be able to custody Ethereum’s ether (ETH) token, along with the above digital assets, through Prometheum Capital, a FINRA member firm and SEC-registered special purpose broker-dealer for digital assets. Together, these three DAS have a market cap of nearly $320 billion and are all amongst the top 50 digital assets by market cap.

Prometheum Capital uses blockchain technology for recording on chain ownership of digital assets, eliminating the need for traditional intermediaries such as transfer agents. This approach not only enhances transparency, but also can reduce costs compared to traditional solutions that rely on transfer agents for recordkeeping, for instance.

Prometheum Capital plans to launch its custodial services to institutional investors in Q3 2024. Prometheum Capital will continue to expand its digital asset offerings for custody, and in the future trading, to support digital assets including debt, equities, ETFs, mutual funds, options, money market funds, and other investment contract products that are issued and transferred on a blockchain.

To inquire about Prometheum Capital’s custodial solutions, please contact business@procustody.com.

About Prometheum, Inc.

Founded in 2017 by a group of Wall Street attorneys, Prometheum Inc. through its affiliate Prometheum ATS (trading) and Prometheum Capital (settlement, clearing and custody) will provide an end-to-end, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities.

Digital asset securities may not be suitable for all investors.

Investors should note that investing or trading in digital asset securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity, which could impact their price and the investor’s ability to sell, and possible loss of principal invested.

There is always the potential of losing part or all of your money when you invest in digital asset securities. Regulatory changes may impact digital asset securities. Current and future legislation, SEC and CFTC rulemaking, and other regulatory and legal developments may impact the manner in which certain digital assets securities ProCap custodies are classified. The SEC has stated that certain digital assets may be considered “securities” under the federal securities laws. To the extent that any of the digital asset securities we are currently custodying are not deemed to be securities in the future we may not be permitted to continue to custody said securities.

Non-solicitation

This press release is issued for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Prometheum Inc., Prometheum ATS, and Prometheum Capital (collectively “Prometheum’’), or any other third party regardless of whether such security, product, or service is referenced in this press release. Furthermore, nothing in this press release should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Prometheum does not represent that the securities, products, or services discussed in this press release are suitable for any particular investor.

Forward-looking statement

Statements herein that are not historical or current fact are “forward-looking statements” that are based on the Company’s beliefs, assumptions, and expectations of future events, taking into account the information currently available to the Company. These forward-looking statements are subject to numerous uncertainties and factors relating to the Company’s proposed business and operations, as well as uncertainties relating to capital markets, some of which are difficult to predict and many of which are beyond the Company’s control. Any forward-looking statements herein are based upon information available to the Company on the date this was first sent by the Company. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized.

Contacts

Wachsman

prometheum@wachsman.com