Prometheum Hires Former Morgan Stanley Executive as CFO

The appointment of Albert Meo as CFO underlines Prometheum's commitment to regulatory compliance ahead of its trading service launch.

Albert Meo, previously at Morgan Stanley, joins Prometheum as CFO, emphasizing the firm's regulatory-first approach.
Prometheum, the only U.S. crypto securities platform with a special broker-dealer license, plans to launch trading services in Q2 2024.
The hiring comes after Prometheum announced its custody service for ether, raising questions about ether's classification by the SEC.
SEC Chair Gary Gensler has been non-committal on ether's status, amidst broader regulatory scrutiny of crypto assets.
Prometheum's move signals its readiness to navigate the regulatory landscape, setting a precedent for crypto securities compliance.