What’s Stalling Tokenized Securities? The Infrastructure Hurdle
The future of digital asset securities is taking shape, with special purpose broker-dealer (SPBD) licenses carving out a path for regulated blockchain adoption. During a recent panel discussion at Benzinga’s Future of Digital Assets conference, Aaron Kaplan, CEO of Prometheum, outlined how these licenses provide the essential framework for bridging blockchain technology with traditional financial markets.
Prometheum, one of only two firms to hold this license, is positioned to drive the infrastructure needed for tokenized securities.
Bridging Blockchain and Traditional Finance
Kaplan explained that SPBD licenses serve as the legal mechanism for custodying digital asset securities under federal securities laws. This structure is critical for connecting blockchain-based securities with established financial systems, supporting vital activities such as clearing, settling, and custody.
“The special purpose broker-dealer is …
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