Prometheum launches Ether custody service that treats ETH as a security: Report

The digital assets platform soft-launched its controversial Ethereum custody service on May 17 and is targeting a full launch next month.

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Digital asset trading and custody firm Prometheum has reportedly soft-launched its controversial Ether (ETH) custody service, which treats digital assets as security.

According to a May 20 report from Fortune, the custody solution has been rolled out to a few select companies on May 17, with a full-scale launch expected to take place in June.

Prometheum is targeting its services toward asset management firms, hedge funds, banks and registered investment advisors and aims to expand to retail clients later in 2024.

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