Country for PR: United States
Contributor: PR Newswire New York
Thursday, March 24 2022 - 00:00
AsiaNet
Prometheum Secures $15M+ in Funding Ahead of Launch
NEW YORK, March 23, 2022 /PRNewswire-AsiaNet/ --

--Brings total funding amount to-date to more than $42M

Prometheum Inc. ( https://www.prometheum.com/ ), parent of a FINRA member firm 
and SEC registered digital asset securities alternative trading system (ATS), 
"Prometheum ATS", has announced today that it has secured more than $15 million 
in funding. This current round of fundraising brings the total investment in 
Prometheum to more than $42 million in total funding.

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

This latest funding will be used to support the upcoming launch of Prometheum's 
ATS, hire critical personnel and accelerate research and development related to 
the Company's proprietary trading and clearing systems. With launch expected in 
H1 2022, the Company will also be allocating these funds to build out their 
team, with plans to more than double the size of the team over the next three 
to six months.

"Our goal has always been to provide a full-service digital asset securities 
marketplace for both institutional and retail investors," said Aaron Kaplan, 
co-CEO and co-founder of Prometheum. "Securing this round of funding solidifies 
the support we have in our vision of integrating digital asset securities into 
the existing capital markets infrastructure. With the launch of our ATS, coming 
very soon, this funding allows us to be one step closer to realizing this 
vision."

Prometheum ATS offers a streamlined onboarding process by automating 
Know-Your-Customer (KYC) and Anti-Money Laundering (AML). Combined with a 
user-friendly interface, customizable charts, historical and Level 2 (depth of 
the book) data, Prometheum ATS will provide a complete trading experience for 
both retail and institutional investors. Importantly, Prometheum ATS seeks to 
ensure a fair and orderly market focusing on customer protection with advanced 
market surveillance and risk management systems.

Prometheum achieved many milestones in 2021. In March 2021, Prometheum 
announced that it would be partnering with Anchorage Digital Bank ( 
https://c212.net/c/link/?t=0&l=en&o=3480961-1&h=3563068426&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fprometheum-and-anchorage-digital-bank-announce-first-digital-asset-securities-alternative-trading-system-ats-301259324.html&a=partnering+with+Anchorage+Digital+Bank 
) to create a digital asset securities trading system for all investors. Later 
in the year, the Company announced that it had met SEC regulatory requirements 
( 
https://c212.net/c/link/?t=0&l=en&o=3480961-1&h=1703268270&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fupdate-prometheum-marks-major-milestone-for-digital-asset-securities-meets-sec-requirements-to-operate-an-alternative-trading-system-for-digital-assets-for-subsidiary-prometheum-ats-301456364.html&a=SEC+regulatory+requirements 
) and received FINRA approval ( 
https://c212.net/c/link/?t=0&l=en&o=3480961-1&h=3689932548&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fprometheums-subsidiary-peats-receives-finra-approval-as-a-member-to-operate-an-alternative-trading-system-ats-for-digital-asset-securities-301352701.html&a=FINRA+approval 
) to operate an ATS for digital asset securities.

About Prometheum
Founded in 2017 by a group of Wall Street attorneys, Prometheum is a 
blockchain-focused company which proposes to build an end-to-end ecosystem for 
the trading, custody and settlement of digital asset securities.

Prometheum, Inc. Disclosure
This press release is issued for informational purposes only and does not 
constitute an offer to sell or a solicitation of an offer to buy any 
securities, nor shall there be any sale of securities in any state or 
jurisdiction in which such offer, solicitation or sale would be unlawful.

Cautionary Note Regarding Forward-Looking Statements
Statements in this press release 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 in this press 
release are based upon information available to the Company on the date of this 
press release. 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.

Media Contact:
Ross Stevens
Caliber Corporate Advisers
ross@calibercorporateadvisers.com 
+1 (803) 549-7529

SOURCE: Prometheum
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