BlockBeats report: On May 25, U.S. digital asset infrastructure company Prometheum announced the launch of a digital brokerage solution for broker-dealers and registered investment advisers (RIAs), enabling traditional brokerage accounts to directly offer trading, custody, and clearing services for tokenized securities and crypto assets.
Aaron Kaplan, Co-Founder and Co-CEO of Prometheum, said that the crypto industry has solved the problem of "asset tokenization" but has yet to address "distribution," leaving a large number of on-chain securities products unable to reach mainstream investors.
Kaplan said that hundreds of billions of dollars in tokenized securities have already been issued on-chain, but without support from traditional brokerage channels, broad user adoption remains difficult. “If tokenized assets cannot enter the brokerage systems that investors are already using, then tokenization is just a solution without a market.”
Prometheum is betting that traditional Wall Street financial institutions will lead the next phase of on-chain finance. The company currently holds a full suite of licenses, including SEC registration and FINRA membership, covering issuance, trading, custody, clearing, and settlement. In May of this year, it joined the DTCC (Depository Trust & Clearing Corporation) tokenization task force.
Prometheum stated that over the coming months, more broker-dealers and RIAs will connect to its infrastructure, with plans to launch on-chain distribution partnerships for large institutional issuers. Kaplan emphasized that the future of capital markets will gradually move on-chain, but the goal is not to replace the existing financial system; rather, it is to enhance it through faster settlement, lower costs, and broader distribution capabilities.