According to Odaily Planet Daily, Prometheum CEO Aaron Kaplan said the company will explore areas beyond cryptocurrencies and use special purpose broker-dealer licenses to offer blockchain securities such as stocks and debt instruments.
Kaplan expects trillions of securities to be issued on blockchain in the future, and the Trump administration will oversee this market transformation, bringing the long-term benefits of blockchain technology.
Castle Island co-founder Matt Walsh criticized the Prometheum platform for lacking evidence of actual transactions. Although companies such as Goldman Sachs and BlackRock have dabbled in tokenized assets, the field remains niche.
Kaplan said the company is in the early stages and is in active discussions with financial institutions.