PANews reported on December 17 that according to Axios, 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 fundraising amount to approximately US$64.3 million.
Prometheum has two subsidiaries. One is an alternative trading system that is expected to be launched in the first quarter of 2025. The other is a custodian that currently serves institutional investors and focuses on a few well-known crypto assets. The funds will be used to add more crypto assets and launch upcoming security tokens.
Earlier news , Prometheum, a crypto company that once had close ties with the U.S. Securities and Exchange Commission (SEC), is facing new challenges. With Trump elected president and SEC Chairman Gary Gensler announcing his resignation early next year, the company's previous business model based on "crypto assets as securities" may need to be repositioned.
