Cryptocurrency broker Prometheum has announced that it is ready to start using ETH for SEC-compliant custody, and will soon add other currencies and begin trading operations within a few months. Prometheum Inc. (still the only registered cryptocurrency securities platform in the United States) revealed that the first digital asset it will handle for clients will be Ethereum.

According to FINRA's summary of the expanded licensing scope, Prometheum Inc. has the latest regulatory level and is about to test whether a feasible encryption platform can operate entirely within the regulatory scope of the US Securities and Exchange Commission (SEC).Prometheum is the first and only special-purpose cryptocurrency broker licensed under SEC rules. It has already obtained approval for digital asset securities trading clearing and settlement. Although the company has not yet made its first trade or earned its first dollar of revenue, co-CEO Aaron Kaplan said it will begin hosting institutional clients' assets within the next four months.