Prometheum Capital Launches Custodian Services with Ethereum as First Asset

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Bittime - Prometheum is a company that is making waves in the crypto world with its status as the first and only holder of a special purpose broker dealer license from the United States Securities and Exchange Commission (SEC) . This time, Prometheum recruited a traditional finance veteran from Morgan Stanley to strengthen its team.

Albert Meo, who previously served as Executive Director of Regulatory Policy at Morgan Stanley, has been appointed Chief Financial Officer (CFO) of Prometheum Inc. This announcement, made on Monday, marks Prometheum's strategic move to increase credibility and trust among investors and regulators.

It is believed that Meo's experience in traditional finance, especially in regulation, will be a valuable asset for Prometheum. In his role as CFO, Meo will be responsible for financial planning, reporting and liquidity risk management.

Prometheum Strengthens Position in Crypto Market

Meo's hiring comes amid an important moment for Prometheum. Last February, Prometheum Capital, a subsidiary of Prometheum, announced that it would launch its custodian service with Ethereum (ETH) as its first asset. This announcement sparked debate among legal experts and crypto practitioners regarding ETH's status as a security or commodity.

Prometheum's move to choose ETH as the first asset for its custodian service shows the company's ambition to become a major player in the crypto market. On the other hand, this step could also be a catalyst for the SEC to provide clarity regarding the status of ETH, which is still gray.

Also Read How to Buy Crypto:

Prometheum Opens the Way for Integration with Traditional Finance

Prometheum does not only focus on the crypto market. The company also has a vision to bridge the gap between the traditional financial world and the crypto world. The hiring of Meo, with his background at Morgan Stanley, is a concrete step for Prometheum to realize that vision.

Prometheum's success in integrating these two worlds could open up huge opportunities for the crypto industry. This integration can increase widespread adoption of crypto assets and drive the growth of the crypto industry as a whole.

Launch of Trading Services by Prometheum

Prometheum plans to launch trading services in the second quarter of 2024. The service will allow investors to trade digital securities on a safe and secure platform.

The launch of this trading service is an important milestone for Prometheum and the crypto industry as a whole. Prometheum's success in providing a trusted trading platform can increase investor confidence and encourage crypto market growth .

Prometheum's development is worth watching closely. The company's success in achieving its goals could change the landscape of the crypto industry and pave the way for a brighter future for digital assets.

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How to Buy Tether (USDT) on Bittime

You can buy and sell  Tether (USDT)  in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

Tether (USDT)  is available on Bittime with  the USDT/IDR market pair . To be able to buy  USDT/IDR  at Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.  

Learn  the complete guide on how to buy Tether (USDT) on Bittime . 

Monitor price chart movements  of Tether (USDT) , Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.  

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.