Tokenized securities company Prometheum completes $20 million in financing

PANews reported on December 17 that according to Axios, the tokenized securities company Prometheum completed US$20 million in financing. The funds came from a group of undisclosed individuals and institutions, bringing Prometheum’s total financing to approximately US$64.3 million.

Prometheum has two subsidiaries. One is an alternative trading system expected to be launched in the first quarter of 2025. The other is a custodian currently serving institutional investors, focusing on a handful of well-known crypto assets. The funds will be used to add more crypto assets and launch upcoming security tokens.

According to previous news , Prometheum, an encryption company that once had close relations with the U.S. Securities and Exchange Commission (SEC), is facing new challenges. With President-elect Trump and SEC Chairman Gary Gensler announcing that he will leave his post early next year, the company’s previous business model based on “encrypted assets as securities” may need to be repositioned.