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<ul><li>Prometheum, the first crypto-regulated firm, is taking vigorous steps for smart contract auditing to comply with SEC&#39;s regulatory standards.</li><li>Benjamin Kaplan, CEO of Prometheum, says that the team is in the process of completing the technology related to its wallet system.</li><li>While the entire crypto industry is embroiled with the SEC, Benjamin claims Gary Gensler is right.</li></ul>The full-service market ecosystem for digital asset securities Prometheum, has earlier announced that it would <a href="https://www.marketsmedia.com/prometheum-approved-to-clear-settle-digital-asset-securities/" rel="noopener noreferrer nofollow">launch a custody</a> platform by Q1 2024, but the firm laggs behind its goals. The co-CEO of Prometheum Benjamin Kaplan stated that the team is trying to complete the technology related to its wallet system.Prometheum is a member of Financial Industry Regulatory Authority (FINRA) and has received a Special Purpose Broker-Dealer (SPBD) to custody digital asset securities. The firm planned to expand its business by including services for trading, clearing, settlement, and custody, by partnering with Anchorage Digital Bank for its affiliate, Prometheum Ember ATS.Prometheum ATS could serve as an alternative trading platform where institutional investors can purchase and sell digital asset securities. The Prometheum ATS trading system is built to offer customers a web-based front end and an order management system.It has been over five weeks since the firm said that it would launch the custody platform. In order to comply with the regulation, the company is still reviewing its smart contracts. co-CEO Benjamin Kaplan stated,<a href="https://cryptotale.org/the-first-crypto-regulated-firm-prometheum-delays-the-launch-of-crypto-custody/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

The First Crypto Regulated Firm Prometheum Delays the Launch of Crypto Custody

CryptoTale

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