Prometheum Inc. to Offer Ethereum Custody Services as First Step in Crypto Securities Platform
Prometheum Inc., the only crypto securities platform in the U.S. with regulatory approval, has announced plans to offer custody services for Ethereum’s Ether (ETH) to its clients. Co-CEOs Aaron and Benjamin Kaplan aim to begin ETH custody services by the end of the upcoming month and will focus on catering to the market’s most significant and liquid tokens. This move positions Prometheum as a leader in determining whether the U.S. Securities and Exchange Commission (SEC) will classify ETH as a security, contrasting with the Commodity Futures Trading Commission’s (CFTC) classification of ETH as a commodity.
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