Crypto Startup Says It Found a Pathway to Register With SEC

A crypto startup said it has received the first special purpose broker-dealer license under US Securities and Exchange Commission guidelines that would allow it to custody digital assets securities. But there’s a catch: it can’t support Bitcoin.

Prometheum Ember Capital, a New York-based firm founded in 2021, said the approval allows it to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian. An SEC spokesperson declined to comment. The firm views it as a major step toward building out the corporate structure and licenses to ultimately enable its parent, Prometheum Inc., to provide ...