Country for PR: United States
Contributor: PR Newswire New York
Thursday, April 01 2021 - 00:00
AsiaNet
Prometheum and Anchorage Digital Bank Announce Relationship to Create the First Digital Asset Securities Alternative Trading System (ATS)
NEW YORK, March 31, 2021 /PRNewswire-AsiaNet/ --

  -- With Anchorage custody and settlement, Prometheum takes critical 
     step towards launching the first public Alternative Trading System 
     ("ATS") for digital asset securities

Today digital asset securities platform, Prometheum ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=558570408&u=https%3A%2F%2Fwww.prometheum.com%2F&a=Prometheum 
), and custodian and infrastructure provider, Anchorage Digital Bank ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=980351684&u=https%3A%2F%2Fanchorage.com%2F&a=Anchorage+Digital+Bank 
) announced their relationship to create the first public Alternative Trading 
System (ATS) for digital assets. The ATS, headed by Prometheum's wholly-owned 
subsidiary, Prometheum Ember ATS ("PEATS"), will be a FINRA and SEC-regulated 
trading system that allows investors to trade digital asset securities. 

Logo - https://mma.prnewswire.com/media/1419136/Prometheum_Logo.jpg

"A public ATS for digital assets will allow more efficient order matching and 
better price discovery, bringing smaller price spreads and simplified 
participation for all investors", said Aaron Kaplan, Founder and Co-CEO of 
Prometheum, "With Anchorage's digital asset banking approval, we are even more 
encouraged about the regulatory environment going forward and are confident we 
have chosen the right partner." 

PEATS brings ATS-technology, commonly found in traditional finance to digital 
assets pursuant to recent guidance from the SEC, known as the SEC 3 Step 
Process ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=2290954168&u=https%3A%2F%2Fwww.sec.gov%2Fdivisions%2Fmarketreg%2Fmr-noaction%2F2020%2Ffinra-ats-role-in-settlement-of-digital-asset-security-trades-09252020.pdf&a=SEC+3+Step+Process 
). The PEATS ATS will be open to trading pending regulatory final approval and, 
once launched, Anchorage Digital Bank will custody digital assets transacted 
through PEATS.

This news follows a historic first as the Office of the Comptroller of the 
Currency (OCC) granted conditional approval in January ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=719682198&u=https%3A%2F%2Fmedium.com%2Fanchorage%2Fintroducing-anchorage-digital-bank-the-first-federally-chartered-digital-asset-bank-7f9b9b4e0fd5&a=in+January 
) making Anchorage Digital Bank National Association the first federally 
chartered digital asset bank. This designation, along with Prometheum's pending 
ATS application, will create a strong regulatory foundation for supporting the 
first public market for digital asset securities.

"Regulatory clarity is the building block to enabling broad participation in 
digital assets," said President and CEO of Anchorage Digital Bank, Nathan 
McCauley, "At Anchorage, it's by operating in existing regulatory frameworks so 
we can bring innovations to market with capable builders like Prometheum."

Founded by seasoned Wall Street securities attorneys, Prometheum strives to 
make emerging technologies accessible to the public. When its ATS goes live, 
Prometheum will be a full-service SEC and FINRA registered electronic market 
integrating both traditional and blockchain technology for the trading of 
digital asset securities, with on-chain custody and settlement provided by 
Anchorage Digital Bank. 

In September 2019, Prometheum purchased a version of InteliClear's ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=2111637878&u=http%3A%2F%2Finteliclear.com%2F&a=InteliClear%27s 
) post-trade solution technology, which provides a clearing solution currently 
used by numerous traditional U.S. clearing firms. More recently, Prometheum 
announced the acquisition of Manorhaven Capital LLC, a licensed broker-dealer, 
the SEC approval of its wholly-owned transfer agent, Spark Transfer Services, 
as well as the close of an oversubscribed funding round. 

About Prometheum
Founded in 2017 by a group of Wall Street lawyers, Prometheum is an innovative 
blockchain-focused company engaged in building the first compliant (regulated) 
end-to-end ecosystem for digital asset securities. Digital asset securities 
will live on Prometheum's network, where the Prometheum blockchain will track 
transactions for secure clearing and settlement.

Prometheum, Inc. Disclaimer
The offering, after qualification by the SEC, will be made only by means of the 
Offering Circular. Any information in this press release or any other 
communication shall not constitute an offer to sell or the solicitation of an 
offer to buy, nor shall there be any sale of these securities in any state or 
jurisdiction in which such offer, solicitation, or sale would be unlawful prior 
to qualification for sale as provided in Regulation A+ in any such state or 
jurisdiction.

You may obtain a copy of the Preliminary Offering Circular and the offering 
statement in which such Preliminary Offering Circular was filed with the SEC by 
visiting: 
https://www.sec.gov/cgi-bin/browse-edgar?company=Prometheum&owner=exclude&action=getcompany. 


About Anchorage
Anchorage is the most advanced digital asset platform for investors. From 
custody and trading, to staking, governance, and financing, Anchorage offers a 
full range of crypto-native financial solutions that are compliant, built to 
adapt to emerging blockchain use cases, and made to evolve alongside the needs 
of digital asset investors. Today, Anchorage serves many of the largest 
institutional investors and enterprise brands in the digital asset space.

About Anchorage Digital Bank
Anchorage Digital Bank makes it simple and secure for institutions to gain 
exposure to digital assets as the first federally chartered digital asset bank. 
With secure custody at its core, Anchorage is the premier partner for 
institutions and corporations. Anchorage offers financial solutions for today 
and tomorrow. Learn more at anchorage.com ( 
https://c212.net/c/link/?t=0&l=en&o=3114054-1&h=369004294&u=https%3A%2F%2Fanchorage.com%2F&a=anchorage.com 
).

Media Contacts
Jacqueline Silva, jacqueline@calibercorporateadvisers.com
Leslie Ankney, press@anchorage.com 

Source - Prometheum
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