Prometheum CEO: The company plans to get involved in traditional asset tokenization in the future

In response to questions about the company's future in a post-Gensler era, Aaron Kaplan, CEO of crypto company Prometheum, said that Prometheum has the opportunity to explore areas beyond cryptocurrencies, using its first-of-its-kind license (called a special purpose broker-dealer) to offer a variety of assets, including "equities, debt instruments, structured products, options, ETFs, money market funds" and other assets in the form of blockchain securities. "We expect President Trump's administration to oversee this market transformation as trillions of securities are issued on the blockchain, bringing the benefits that blockchain technology has long promised to market participants," Kaplan wrote. Matt Walsh, co-founder of crypto venture capital firm Castle Island, has been an outspoken critic of Prometheum, saying he has seen little evidence that anyone is using the company's platform to conduct real-world transactions. Although financial giants such as Goldman Sachs and BlackRock and crypto-native companies such as Superstate are dabbling in tokenizing traditional assets, this is still a very niche financial field at present. In response to a question about whether Prometheum could point to real-world customers or other evidence of gaining traction in the market, Kaplan said the company is still in the “very early stages” and is “actively in discussions with financial institutions.” (Fortune)