Prometheum Launches Crypto Brokerage Service, Settles First ETH Trade

Prometheum opened Prometheum Capital’s Digital Brokerage Solutions to registered investment advisors and broker-dealers, naming Arete Wealth Management, Network 1 Financial Securities, and a clearing broker-dealer as the first clients. The technology stack runs on Talos, a digital asset infrastructure provider. The same day, Prometheum Capital reported that it cleared and settled an ETH transaction directly in a U.S. brokerage account, not through an ETF or exchange-traded product wrapper.

Prometheum Capital’s Digital Brokerage Solutions Goes Live

The service targets the gap between traditional wealth management and digital assets. RIAs and broker-dealers can custody and trade crypto alongside traditional securities inside existing account structures, without building their own digital asset infrastructure. Prometheum operates as a special purpose broker-dealer for digital assets, a designation that carries specific SEC oversight and customer protection rules.

Arete Wealth CEO David Levine said the ability to advise and manage clients on digital assets will support the firm’s advisor network as crypto becomes mainstream. Prometheum co-CEO Aaron Kaplan framed the launch as a distribution play, arguing that crypto assets will reach investors at scale through the relationships they already trust.

For the clearing broker-dealer, the consolidated custody account removes the need to segregate digital assets in a separate wallet infrastructure. That lowers operational friction and could accelerate adoption among mid-sized broker-dealers that have been waiting for a turnkey solution.

• Arete Wealth Management and Network 1 Financial Securities are the first named broker-dealer clients.
• A clearing broker-dealer will support a consolidated custody account.
• Talos provides the trading and connectivity infrastructure.