Custodian service Anchorage, in partnership with the Prometheum platform, plans to launch an alternative trading system for digital assets after receiving regulatory approval.
A publicly available alternative trading system will enable investors to trade digital assets. If approved by regulators, the system will be overseen by the US Securities and Exchange Commission (SEC) and the Financial Institutions Regulatory Agency (FINRA).
The marketplace will be owned by Prometheum’s subsidiary, Prometheum Ember ATS (“PEATS”), and will act as a registered broker-dealer. Prometheum founder Aaron Kaplan said:
“A publicly available alternative system for digital assets will allow for more efficient order matching and provide better pricing, reducing price spread and making it easier for all investors to participate.”
Following the launch of PEATS, Anchorage Digital Bank will provide storage and online settlement for the system. Recall that in January, the cryptocurrency company Anchorage received a license from the Office of the Comptroller of the United States of America (OCC) for banking activities in the country.
Diogo Monica, co-founder and president of Anchorage, said PEATS is an SEC registered broker-dealer and “is a trading system but not regulated as an exchange.” According to him, SEC employees are “interested in innovations and products in the cryptocurrency industry.”
