Digital assets firm Prometheum has revealed its plan to offer Uniswap (UNI) and Arbitrum (ARB) custody for US clients alongside Ethereum. Notably, the firm has previously launched Ether custody as a security offering earlier this year. Notably, the UNI price surged about 4% following the announcement, while ARB traded near the flatline today.
Prometheum Expands Custody Service With UNI & ARB
A subsidiary of Prometheum Inc. has announced the addition of Uniswap and Arbitrum to its custodial platform. It marks a significant step forward for the firm in expanding its digital asset security offerings. Notably, this latest addition would allow institutional and corporate clients in the US to securely store these assets along with ETH.
Prometheum said that the combined market valuation of these three assets is nearly $320 billion. It highlights the dominance and significance of these three crypto in the digital asset space.
Meanwhile, the firm’s approach to custody involves using blockchain technology to record on-chain ownership. Besides, it would eliminate the need for traditional intermediaries like transfer agents. This method, according to the announcement, would enhance transparency and reduce costs for the users. In other words, the features will make it further attractive to institutional investors.
Prometheum CEO Benjamin Kaplan remained focused on adhering to federal securities laws. He said that the firm focuses on providing a regulated mechanism for traders to participate responsibly in the digital asset market.
The post Breaking: Prometheum Launches Uniswap (UNI) And Arbitrum Custody For US Clients appeared first on CoinGape.
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