Prometheum to Launch First SEC-Compliant ICO Trading Platform
- Prometheum anticipates it will be the first company to offer a fully SEC-complaint ICO trading platform under Regulation A+.
The Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term company Prometheum, Inc., announced on Tuesday that it has entered into a partnership with registered broker-dealer Manorhaven Capital LLC.
This strategic cooperation will accelerate Prometheum’s plan to offer completely regulatory-compliant Initial Coin Offering (ICO) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and allow it to fully implement Regulation A+ distributions for issuers.
Reg. A+ under Title IV of the JOBS Act is a type of offering which allows private US companies to raise up to $50 Million from the public. Before it was signed into law in 2015, private companies could only crowdfund from accredited investors, as status limited to the wealthiest two percent of Americans.
On Tuesday, Prometheum also filed with the US Securities and Exchange Commission (SEC) for registration as an Alternative Trading System (ATS). An ATS is a marketplace that matches buyers and sellers. Although they aren’t traditional exchanges, according to the SEC website, an ATS must register with the government organization and comply with federal securities laws. Once approved, Prometheum’s ATS will allow the company to enable secondary trading of cryptographic securities.
Aaron Kaplan, Source: LinkedIn
Commenting on the partnership, Aaron Kaplan, Co-founder and COO of Prometheum said: “entering into a strategic partnership with a registered broker-dealer and forming our own ATS are core elements of creating a legal ICO trading platform. We’re excited to work with the Manorhaven Capital team to help clients conduct their own legal ICOs.”
Zachary Marans, President and CEO of Manorhaven Capital also added: “Manorhaven Capital is thrilled to be partnering with the best-in-class team at Prometheum to offer a fully regulatory compliant platform for ICOs and secondary trading.”
Manorhaven Capital LLC is a registered broker-dealer, offering services in investment banking, financial advisory, and securities. It is a well-recognized firm and is active in financial and capital formation for both the public and private capital markets.
Prometheum’s plan
Founded by a group of Wall Street securities attorneys, Prometheum is the first company to propose an SEC-qualified free trading ecosystem for ICOs of securitized tokens.
In May, Prometheum filed a Reg. A+ Offering Statement for its own ICO. By selling warrants for its Ember tokens the company plans to raise USD 50 million. The company is ambitious in its plans and it anticipates it will be the first US issuer to sell ICO warrants/tokens under Reg. A+ that will be fully compliant with the Federal Securities Laws.
The Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term company Prometheum, Inc., announced on Tuesday that it has entered into a partnership with registered broker-dealer Manorhaven Capital LLC.
This strategic cooperation will accelerate Prometheum’s plan to offer completely regulatory-compliant Initial Coin Offering (ICO) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and allow it to fully implement Regulation A+ distributions for issuers.
Reg. A+ under Title IV of the JOBS Act is a type of offering which allows private US companies to raise up to $50 Million from the public. Before it was signed into law in 2015, private companies could only crowdfund from accredited investors, as status limited to the wealthiest two percent of Americans.
On Tuesday, Prometheum also filed with the US Securities and Exchange Commission (SEC) for registration as an Alternative Trading System (ATS). An ATS is a marketplace that matches buyers and sellers. Although they aren’t traditional exchanges, according to the SEC website, an ATS must register with the government organization and comply with federal securities laws. Once approved, Prometheum’s ATS will allow the company to enable secondary trading of cryptographic securities.
Aaron Kaplan, Source: LinkedIn
Commenting on the partnership, Aaron Kaplan, Co-founder and COO of Prometheum said: “entering into a strategic partnership with a registered broker-dealer and forming our own ATS are core elements of creating a legal ICO trading platform. We’re excited to work with the Manorhaven Capital team to help clients conduct their own legal ICOs.”
Zachary Marans, President and CEO of Manorhaven Capital also added: “Manorhaven Capital is thrilled to be partnering with the best-in-class team at Prometheum to offer a fully regulatory compliant platform for ICOs and secondary trading.”
Manorhaven Capital LLC is a registered broker-dealer, offering services in investment banking, financial advisory, and securities. It is a well-recognized firm and is active in financial and capital formation for both the public and private capital markets.
Prometheum’s plan
Founded by a group of Wall Street securities attorneys, Prometheum is the first company to propose an SEC-qualified free trading ecosystem for ICOs of securitized tokens.
In May, Prometheum filed a Reg. A+ Offering Statement for its own ICO. By selling warrants for its Ember tokens the company plans to raise USD 50 million. The company is ambitious in its plans and it anticipates it will be the first US issuer to sell ICO warrants/tokens under Reg. A+ that will be fully compliant with the Federal Securities Laws.