Prometheum Disrupts Wall Street: First-Ever Correspondent Clearing for Blockchain Securities Goes Live

Wall Street's old guard just got a crypto wake-up call. Prometheum—the institutional-grade platform that's been quietly building regulatory moats—just flipped the switch on correspondent clearing for blockchain-based securities. No more settlement delays, no more opaque custodial chains. The DTCC won't be sending a congratulatory fruit basket.

Why this matters (beyond ticking off bankers)

Traditional clearinghouses still treat digital assets like radioactive waste. Prometheum's system cuts through the red tape by providing compliant settlement rails specifically designed for tokenized stocks, bonds, and funds. Suddenly those "security tokens" that never took off? They've got a runway.

The cynical twist

Of course, this being finance, the real money won't flow until hedge funds figure out how to leverage it for arbitrage. But for institutions dipping toes into blockchain? Finally—a way to custody digital securities without giving their compliance officers panic attacks.

Prometheum Inc., a market infrastructure provider for blockchain-based securities, announced its subsidiary Prometheum Capital, a FINRA member firm and SEC-registered special purpose broker-dealer (“SPBD”), is now authorized to provide correspondent clearing services to third-party broker-dealers. Prometheum’s FINRA member and SEC-registered broker-dealer network will support introducing broker-dealers seeking to transact in on-chain securities under federal securities laws.

Correspondent clearing allows Prometheum Capital to provide clearing, custody, execution, and recordkeeping services on behalf of other broker-dealers, enabling their clients to access and transact in on-chain securities.

Product issuers are increasingly distributing securities on-chain, with more than $24 billion of securities products already issued on blockchain networks, according to RWA.xyz. Correspondent clearing is a critical gateway for broader market participation with these assets, supporting the modernization of U.S. capital markets and accelerating institutional and retail access to on-chain securities.

“Financial markets are evolving from electronic to digital, blockchain-enabled infrastructure, facilitating the migration of the $130 trillion securities industry on-chain,” said Aaron Kaplan, founder and co-CEO of Prometheum. “Broker-dealers require a turnkey solution to access these products and offer on-chain securities alongside traditional securities products. Prometheum Capital is excited to support the broker-dealer community’s growth by offering a pathway into digital markets.”

This development expands Prometheum’s role as a leading on-chain securities infrastructure provider, allowing broker-dealers—who currently cannot custody or directly transact in on-chain securities—to access these products and expand their offerings into digital assets.

Source: Prometheum