Summary
TLDR: Prometheum, the first company to secure a special broker dealer license from the SEC, appoints traditional finance veteran Albert Meo as CFO. Meo was previously at Morgan Stanley overseeing policy functions. Prometheum plans to launch trading services in the second quarter of 2024.
Key Points
1. Albert Meo, a traditional finance veteran and former executive director of regulatory policy at Morgan Stanley, has been appointed as the chief financial officer of Prometheum Inc.
2. Prometheum Capital, a subsidiary of Prometheum, announced in February that it would launch its custody service with ether as its first asset, sparking speculation about the SEC’s stance on ether’s classification as a security or commodity.
3. Despite SEC Chair Gary Gensler’s statements categorizing “everything other than bitcoin” as a security, there has been uncertainty surrounding ether’s classification. Prometheum plans to launch trading services in the second quarter of 2024, focusing on securities trading under its license.