Prometheum has disclosed the first client for one of its flagship infrastructure services after years of questions over whether its SEC-regulated crypto brokerage model could attract real customers.
Velocity Capital has joined Prometheum Capital’s omnibus correspondent clearing platform. The deal gives Prometheum an early commercial customer for infrastructure it has spent years building under the U.S. securities regulatory framework.
The company is positioning itself as a back-end provider for traditional broker-dealers seeking access to digital assets and tokenised securities through familiar brokerage workflows.
From Regulatory Approvals to Infrastructure Deployment
Under the arrangement, Velocity Capital will use Prometheum Capital for crypto asset execution, custody, clearing, and settlement. The omnibus correspondent clearing model allows broker-dealers to offer digital asset products without developing their own custody infrastructure or integrating directly with blockchain and wallet technology.
Prometheum said the service is part of its Digital Brokerage Solutions platform, which is designed to support crypto assets, including tokenised securities, digitally native securities, and selected crypto tokens within traditional brokerage accounts.
The announcement follows Prometheum’s tokenised equity demonstration with DTCC, in which Velocity Capital also participated.
A Closely Watched Player in Regulated Crypto Markets
Prometheum is one of the few firms operating with SEC-registered crypto broker-dealer infrastructure and one of the first companies to receive approval under the Special Purpose Broker-Dealer framework developed during former SEC Chair Gary Gensler’s tenure.
At the same time, critics questioned whether the business model could gain commercial traction given the limited availability of tokenised securities and other digital assets that fit within the securities framework.
That skepticism has often centred mostly on whether there would be enough issuers and broker-dealers willing to use the platform.
The Velocity Capital agreement provides an example of early customer adoption for one part of Prometheum’s infrastructure.
The companies did not specify which assets will be supported, when customer trading will begin, expected transaction volumes, commercial terms, or whether the correspondent clearing relationship has already entered full production.
This article was written by Tanya Chepkova at www.financemagnates.com.
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