SEC/FINRA Registration & Licensing for Digital Asset Firms

Prometheum provides comprehensive regulatory licensing and registration services for digital asset businesses seeking to operate under federal securities laws in the United States. The firm has demonstrated expertise in obtaining multiple groundbreaking registrations for blockchain-based securities infrastructure, enabling compliant capital formation, custody, trading, and transfer agent operations.

Regulatory Expertise

Prometheum has successfully navigated complex regulatory pathways to achieve industry-first registrations across the digital asset ecosystem:

SEC Broker-Dealer Registration: Prometheum entities hold SEC registration under Section 15(b)(1) of the Securities Exchange Act of 1934, enabling conduct of securities business across primary sales, custody operations, and trading venues. This includes ProFinancial (capital formation), Prometheum Capital (Special Purpose Broker-Dealer for custody and correspondent clearing), and Prometheum ATS (alternative trading system).

Special Purpose Broker-Dealer (SPBD): Prometheum Capital achieved the industry's first SEC registration as a Special Purpose Broker-Dealer focused exclusively on digital assets—a novel regulatory category requiring sophisticated filings and ongoing compliance protocols.

SEC Qualified Custodian Status: ProCap obtained SEC Qualified Custodian designation under SEC Rule 206(4)-2 of the Investment Advisers Act of 1940, representing a pioneering regulatory approval for digital asset custody within the broker-dealer framework subject to Customer Protection Rule 15c3-3.

FINRA Membership: All Prometheum operating subsidiaries maintain FINRA membership, demonstrating the firm's ability to secure and maintain self-regulatory organization oversight across capital formation, custody, clearing, and trading operations.

Alternative Trading System (ATS) Registration: Prometheum ATS operates as a registered ATS for blockchain securities, requiring complex filings under SEC Regulation ATS and ongoing Form ATS-N amendments for operational changes.

Transfer Agent Registration: Prometheum Financial maintains SEC registration as a transfer agent under Section 17A of the Securities Exchange Act, handling shareholder recording and corporate action execution for blockchain-based securities.

Licensing Services

Prometheum's demonstrated expertise spans:

• Novel Digital Asset Registrations: Obtaining first-of-kind approvals for blockchain-specific business models including SPBDs and digital asset ATSs
• Multi-Entity Structuring: Navigating SEC and FINRA registration requirements across complementary business lines within a unified platform
• Custody Authorization: Securing Qualified Custodian status for digitally-native and tokenized securities under Investment Advisers Act custody rules
• Federal Securities Law Compliance: Designing operational frameworks compliant with Securities Exchange Act requirements including customer protection, recordkeeping, and reporting obligations
• Ongoing Regulatory Filings: Maintaining current registrations through Form BD amendments, ATS-N updates, audits, and regulatory examinations

Compliance Infrastructure

Beyond initial licensing, Prometheum maintains rigorous ongoing compliance including:

• Customer Protection Rule 15c3-3 compliance with segregation of customer funds and assets
• Regular audits by independent accounting firms and regulatory examinations
• Detailed activity reporting to SEC and FINRA
• Comprehensive AML/KYC programs maintaining financial system integrity
• State-of-the-art security measures including encryption for data at rest, in transit, and within applications
• Mandatory disclosures and customer communications

Target Clients

Digital asset companies, fund sponsors, blockchain securities issuers, traditional financial institutions seeking digital asset capabilities, and broker-dealers requiring correspondent clearing access to digital assets. Prometheum's licensing expertise supports the full lifecycle of blockchain securities regulation from primary issuance through secondary trading, custody, and transfer agent services.