Prometheum Selects Broadridge to Strengthen Post-Trade Lifecycle and Back-Office Operations
April 29 2024 - 9:00AM
Business Wire
Traditional finance and evolving US digital
securities market structure converge
Prometheum Capital LLC (“Prometheum”), a subsidiary of
Prometheum Inc., today announced it has selected Broadridge
Financial Solutions, Inc. (NYSE: BR) for back-office solutions as
the firm prepares to launch its full-suite of custody, clearing,
and settlement services for digital asset securities.
Prometheum will deploy Broadridge’s Shadow Post Trade Processing
Solution and Business Process Outsourcing (BPO) solutions.
Prometheum will use Broadridge’s robust capabilities that include
bookkeeping, trade capture, reconciliations, regulatory reporting,
and more.
“Aligning our core operations with Broadridge is a critical
business step for Prometheum. With their support, we’re able to
advance our mission of establishing sophisticated, regulated,
market infrastructure for the investing community,” said Benjamin
Kaplan, CEO of Prometheum. “This strategic partnership marks an
important milestone for Prometheum.”
"We are excited to collaborate with Prometheum to support the
evolution of financial market structure and facilitate the ongoing
expansion of digital asset securities,” added Zachary Dea,
Director, Head of Product for the Shadow Post Trade Processing
Solution at Broadridge. “By combining Broadridge's expertise with
Prometheum's vision, Prometheum is now able to empower investors
and businesses alike. Together, we are forging a path for the
future of digital asset securities within the financial
industry."
The partnership builds on significant milestones for Prometheum
in 2024, including the appointment of Albert P. Meo, CPA, as CFO,
and Prometheum announcing plans to provide ETH custodial services.
Prometheum anticipates launching its custodial services this
quarter.
About Prometheum Inc.
Founded in 2017 by a group of Wall Street attorneys, Prometheum
Inc. provides an end-to-end, blockchain-enabled ecosystem for the
trading, clearance, settlement and custody of digital asset
securities.
Prometheum, Inc. Disclosure
Non-solicitation
This press release is issued for informational purposes only and
does not constitute an offer to sell, a solicitation of an offer to
buy, or a recommendation of any security or any other product or
service by Prometheum Inc., Prometheum ATS, and Prometheum Capital
(collectively “Prometheum Entities’ or “Company”’), or any other
third party regardless of whether such security, product, or
service is referenced in this press release. Furthermore, nothing
in this press release should be construed as a recommendation to
buy, sell, or hold any investment or security or to engage in any
investment strategy or transaction. Prometheum Entities do not
represent that the securities, products, or services discussed in
this press release are suitable for any particular investor.
Forward-looking statement
Statements herein 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 herein are based upon information available to the
Company on the date this was first sent by the Company. 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.
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