Prometheum Inc., the leading market infrastructure provider for digital asset securities, announced it raised approximately $20 million in 2024 from a group of high-net-worth investors and institutions. The capital will support Prometheum’s continued hiring and development plans in 2025 as it completes the rollout of its vertically integrated, blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities through its SEC-registered and FINRA member affiliate subsidiaries, Prometheum Capital and Prometheum ATS.

This successful fundraising highlights Prometheum’s leadership in integrating digital asset securities and the underlying blockchain technology into traditional financial markets. Digital asset securities are securities issued and transferred on a blockchain, including investment contracts, equities, debt instruments, ETFs, mutual funds, money market funds, treasuries, structured products, and more.

Aaron Kaplan, co-CEO of Prometheum, commented: “Securities issued on a blockchain aren’t just the future of financial markets—they’re driving the evolution from electronic to fully digital markets. Our leadership in this area and continued funding reflect the growing confidence among forward-thinking investors in the transformative potential of digital asset securities. With this investment, Prometheum is poised to expand its market-leading infrastructure, enabling institutions to unlock the full potential of tokenization while creating real-world opportunities for trading, innovation, and investment in digital markets.”

In September 2024, Prometheum Capital became the first firm to operationalize the SPBD license by launching its custodial services for digital asset securities. Beginning with Ethereum (ETH), The Graph (GRT), Uniswap (UNI), and Arbitrum (ARB), Prometheum Capital has established a clear framework for the custody and post-trade processing of blockchain-issued securities under federal securities laws.

Benjamin Kaplan, co-CEO of Prometheum and CEO of Prometheum Capital, commented: “The market opportunity for digital asset securities extends well beyond ‘crypto’ or investment contracts. Financial institutions recognize that blockchain technology enables faster, more cost-efficient issuance while unlocking the potential for bespoke financial products previously considered impractical. Lower issuance costs and reduced inefficiencies due to fewer intermediaries will drive greater capital allocation to digital asset securities, creating a flywheel effect of innovation and adoption. Prometheum’s infrastructure is purpose-built to support this evolution, providing the public, liquid markets needed to trade, settle, clear, and custody these securities.”

Prometheum achieved significant growth in 2024, increasing its workforce by nearly 60 percent. The company plans to continue scaling its team in 2025 to support the anticipated Q1 launch of its trading services through Prometheum ATS. This milestone, along with ongoing partnerships with leading financial institutions, will enable the development of innovative, new blockchain-enabled financial products.

Source: Prometheum