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Prometheum Selects Broadridge to Strengthen Post-Trade Lifecycle and Back-Office Operations
Prometheum Capital LLC (“Prometheum”), a subsidiary of Prometheum Inc., today announced it has selected Broadridge Financial Solutions, Inc. (NYSE: BR) for back-office solutions as the firm prepares to launch its full-suite of custody, clearing, and settlement services for digital asset securities.
Prometheum will deploy Broadridge’s Shadow Post Trade Processing Solution and Business Process Outsourcing (BPO) solutions. Prometheum will use Broadridge’s robust capabilities that include bookkeeping, trade capture, reconciliations, regulatory reporting, and more.
“Aligning our core operations with Broadridge is a critical business step for Prometheum. With their support, we’re able to advance our mission of establishing sophisticated, regulated, market infrastructure for the investing community,” said Benjamin Kaplan, CEO of Prometheum. “This strategic partnership marks an important milestone for Prometheum.”
“We are excited to collaborate with Prometheum to support the evolution of financial market structure and facilitate the ongoing expansion of digital asset securities,” added Zachary Dea, Director, Head of Product for the Shadow Post Trade Processing Solution at Broadridge. “By combining Broadridge’s expertise with Prometheum’s vision, Prometheum is now able to empower investors and businesses alike. Together, we are forging a path for the future of digital asset securities within the financial industry.”
The partnership builds on significant milestones for Prometheum in 2024, including the appointment of Albert P. Meo, CPA, as CFO, and Prometheum announcing plans to provide ETH custodial services. Prometheum anticipates launching its custodial services this quarter.
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