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Summary

Prometheum, a digital assets platform, has soft-launched an Ethereum custody service, making it the first of its kind in the digital currency ecosystem. The decision to include ETH as the initial asset was made in February, with strong support from Aaron Kaplan, co-founder of the platform.

Introduction

In February, Prometheum made a significant move by including Ethereum as its custodial service’s initial asset. This decision has stirred interest in the digital currency ecosystem, with many viewing Aaron Kaplan as a proponent of the US SEC.

Main Points

• Prometheum soft-launched an Ethereum custody service, setting the stage for a full launch of crypto services later in the quarter.
• Prometheum’s stance on the security status of assets, particularly Ethereum, has positioned it as a key player in the industry.
• Despite challenges, Prometheum successfully registered Ethereum as a security with the SEC, attracting interest from financial institutions and hedge funds.

Conclusion

With the introduction of an Ethereum custody service, Prometheum is making waves in the digital currency space. The support from regulatory bodies like FINRA and the SEC indicates a promising future for the platform. The industry eagerly awaits the SEC’s decision on Ethereum’s status, which will influence the timing of the service’s full launch.

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