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Prometheum partners with Anchorage Digital on an SEC-registered alternative trading system

Published on

December 27, 2022
Read Time:1 Minute, 39 Second

Prometheum Ember ATS introduced the launch of its Various Buying and selling System (ATS) on October twenty sixth. The brand new ATS is registered with america Securities and Alternate Fee (SEC) and is a member of the Monetary Trade Regulatory Authority.

Prometheum Ember ATS will present securities buying and selling, clearing, settlement and custody for digital property. The brand new ATS has partnered with Anchorage Digital Financial institution to assist ship its service, which goals to "seamlessly combine with legacy securities buying and selling methods."

The ATS promised that it'll "allow establishments to commerce securities of digital property in accordance with federal securities legal guidelines." It's going to initially assist Circulate, Filecoin, The Graph, Compound and Celo digital property. Prometheum Founder and CEO Aaron Kaplan said in a press release:

"Prometheum is distinguished by its continued capacity to constantly adjust to relevant securities legal guidelines and supply the layered protections and requirements required on Wall Avenue."

Prometheum Ember ATS mentioned in its assertion that it'll make the complete performance of the system obtainable to all customers "no matter buying and selling exercise, quantity, expertise or account measurement."

It has been a protracted highway to SEC clearance for Prometheum Ember ATS, which introduced its intention to obtain registration in March 2021. New York-based Prometheum, which was based in 2017, was already working as a crypto change on the time.

Associated: SBF: FTX filters property it believes are securities from US listings pending registration

Prometheum Ember ATS is one among a number of partnerships Anchorage Digital Financial institution has fashioned to develop its enterprise. In June, Anchorage Digital introduced it was working with Binance.US, CoinList, Blockchain.com, Strix Leviathan, and Wintermute to segregate institutional shopper funds from exchanges into regulated vaults of wealth. Diogo Mónica, CEO of Anchorage Digital, not too long ago advised Cointelegraph that the financial institution is making ready to enter the Asian market. Mónica has additionally known as for extra regulatory readability in america.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : December 27, 2022
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