PANews reported on December 17 that, according to Axios, the tokenized securities company Prometheum has completed a $20 million financing, which comes from a group of undisclosed individuals and institutions, bringing Prometheum's total fundraising amount to approximately $64.3 million.
Prometheum has two subsidiaries. One is an alternative trading system expected to launch in the first quarter of 2025. The other is a custodian currently serving institutional investors, focusing on a few well-known crypto assets. This funding will be used to increase the number of crypto assets and launch upcoming security tokens.
Previously, it was reported that the crypto company Prometheum, which had close ties to the U.S. Securities and Exchange Commission (SEC), is facing new challenges. With the election of Trump as president and SEC Chairman Gary Gensler announcing his departure early next year, the company's previous business model based on 'crypto assets as securities' may need to be repositioned.