According to a report from Coindesk, the US registered crypto securities platform, Prometheum, has stated that it is still in the process of conducting audits for its smart contracts in order to fully comply with the requirements of the US Securities and Exchange Commission (SEC). Benjamin Kaplan, the Co-CEO of Prometheum Inc., stated that the relevant work is expected to be completed soon, after which custody services will be launched for institutional clients.
Prometheum is known as a crypto-native startup and is the first company to receive approval as a special purpose broker-dealer under SEC regulations. It currently holds licenses for custody, trading, and clearing of crypto securities. Initially, its executives had planned to launch custody services in the first quarter of this year, which has been delayed. However, Kaplan stated that the company is “excited to soon publicly launch custody services for institutional clients.”
Source: https://www.coindesk.com/policy/2024/05/09/prometheums-contentious-answer-to-c…
Original article: https://www.bitpush.news/articles/6693684
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