Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

14/04/2026

‘This Is Our Last Chance’

14/04/2026

$APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

14/04/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Activity Hits All-Time High With 1.3M Transactions

    13/04/2026

    Ethereum Leads Capital Rotation as It Outperforms Bitcoin

    13/04/2026

    Ethereum Staking Hits All-Time High at $85B

    13/04/2026

    Ethereum Network Activity Hits New ATH

    13/04/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Bitcoin, Ethereum, and Arbitrum Lead Top NFT Sales of Week

    13/04/2026

    CZ skips NFTs, chooses Amazon for book launch

    09/04/2026

    Modern Lion Joint Venture Faces Liquidation

    06/04/2026

    NFT Debate Deepens as Experts Clash on Market’s Future

    06/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026
  • Blockchain

    Scroll Users Paid $50K in Excess Fees After Team Cranked L1 Fees by 1,280x

    13/04/2026

    Integrating Monero, Bittensor, and Zcash Mainnets for Enhanced Cross-Chain Liquidity

    13/04/2026

    Mantle Launches Revolutionary Tokenized Stock Trading Through xStocks Platform

    13/04/2026

    Securitize Expands to TRON, Unlocking New Era for Tokenized Securities

    13/04/2026

    MemoLabs Teams Up with BAISHI to Advance User-Owned Data Economy in Gaming

    13/04/2026
  • DeFi

    Aave DAO approves $25M funding grant, token allocation for Aave Labs

    13/04/2026

    WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim

    13/04/2026

    THORChain Interface Records over 1B Swap Volume with Zero-Fee Model Shaking the DEX Landscape

    13/04/2026

    DeFi’s shakeout is a stress test, not a death sentence

    13/04/2026

    IceCreamSwap Steps In to Protect $ICE Price After $CORE Dip

    13/04/2026
  • Metaverse

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026

    Meta to shutter Horizon Worlds metaverse on VR in favor of mobile

    18/03/2026
  • Regulation

    Powell’s comments on oil, inflation are likely to guide bitcoin traders

    12/04/2026

    Bitcoin quickly pulls back to $72,300 as Iran fears team up with poor U.S. inflation data

    11/04/2026

    US National Debt Surpasses $39 Trillion Amid Fiscal Concerns

    11/04/2026

    Bank of Korea adds two banks to digital won trials as real-world testing begins

    11/04/2026

    “PPI and the Fed!” When Will the Interest Rate Decision Be Announced? Here Are the Expectations

    11/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Solflare Partners with Snowdrop Solutions to Bring Merchant Enrichment to Solflare Card

    13/04/2026

    Jupiter Launches Token Verification API for Launchpads, Agents

    13/04/2026

    Uniswap and PancakeSwap Lead the Pack of Top DEXEs by Weekly Volume

    13/04/2026

    CZ says SBF asked for billions ‘like a Bologna sandwich’ as FTX collapsed

    13/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Venom Foundation Unveils New Framework for Sustainable and Ethical Web3 Gaming

    14/04/2026

    Top 8 NFT games of April 2026

    12/04/2026

    NFT game studio boss says not paying staff ‘works for company cash flow’

    09/04/2026

    Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate

    14/04/2026

    Bitcoin mining and AI may be on opposite decentralization paths: Reseacher

    13/04/2026

    Bitcoin miners face a tougher road to the 2028 halving

    13/04/2026

    A Strategic Shift in Bitcoin Mining Economics

    11/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026

    XRP CLARITY Act Vote in Focus as XRP Holds $1.34 and Senate Returns April 13

    14/04/2026

    Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

    14/04/2026

    ‘This Is Our Last Chance’

    14/04/2026

    $APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

    14/04/2026

    Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

    14/04/2026
  • MarketCap
NBTC News
Home»Legal»Some Tokenization Is Just ‘Gambling’, Says Prometheum Co-CEO
Legal

Some Tokenization Is Just ‘Gambling’, Says Prometheum Co-CEO

NBTCBy NBTC24/07/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Tokenization could revolutionize finance, but some offerings touting the term amount to abstract forms of gambling, according to Aaron Kaplan, founder and co-CEO of Prometheum, a digital asset securities firm that’s generated controversy in recent years.

When a company issues a token representing a real-world asset, such as a stock, but it doesn’t have any right to the underlying, “what you’re really doing is taking away from the integrity of investing and moving towards a gambling mindset,” he told Decrypt in a recent interview.

“This is the meme-coin-ification of equities,” he added.

In 2023, Kaplan testified before lawmakers on Capitol Hill that the U.S. Securities and Exchange Commission had clearly laid out a path to compliance for crypto firms, provoking scrutiny from Republicans and crypto advocates who argued the status quo is unworkable.

With tokenization gaining traction under a crypto-friendly SEC following the reelection of U.S. President Donald Trump, Prometheum is trying to reposition itself as a firm specializing in on-chain securities, reprising a familiar tune, but in a slightly different way.

“It’s not really a pivot,” Kaplan said. “We’ve been working with issuers for a long time, and we’re very excited for more and more products to come on-chain.”

Through a panoply of licenses and subsidiaries, Kaplan said Prometheum can service the “entire lifecycle of a digital asset,” using its transfer agent, alternative trading system, and a special-purpose broker dealer, which also serves as a custodian. Kaplan said Prometheum can currently safeguard a handful of tokens but on-chain securities are coming next.

From the beginning, Kaplan said that Prometheum’s goal has been to “to integrate blockchain technology into market infrastructure to just create a better apple cart,” following the same rules but “eliminating the drag that occurs from legacy systems.”

The vision parallels BlackRock CEO Larry Fink, who predicted tokenization would become the “next generation of markets” by making markets more efficient in 2022.

Citadel Securities, one of the world’s largest market makers, urged the SEC in a letter earlier this week to treat tokenized equities in a similar manner to traditional counterparts.

“Simply put, while we strongly support technological innovations designed to address market inefficiencies, seeking to exploit regulatory arbitrage for ‘look-a-like’ securities is not innovation,” it argued, calling on the SEC to “resist self-serving requests for broad exemptions.”

In a statement weeks ago, SEC Commissioner and crypto task force boss Hester Peirce told firms structuring tokenized offerings to consider meeting with the regulator, noting that tokenization does not provide an exemption from existing rules and regulations.

In recent months, crypto exchange Kraken has backed xStocks on Solana, while trading platform Robinhood has introduced “stocks tokens” on the Ethereum scaling network Arbitrum. Robinhood clarified, following criticism from OpenAI, that its tokens represent contracts, and in the case of the ChatGPT maker, they give “indirect exposure to public markets.”

Earlier this month, Securitize CEO Carlos Domingo argued to Decrypt that the only true form of tokenization is “native,” meaning the asset itself is issued on-chain, as opposed to representing an asset that’s held, managed, and recorded somewhere else.

Kaplan agrees, but he thinks not all companies are getting the compliance element.

“I think people have started to view tokenization as an alternative to regulation,” he said. “It might be a derivative, but it’s a security, and therefore it still has to follow the rules.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

14/04/2026

‘This Is Our Last Chance’

14/04/2026

Polymarket Investigation Demanded by Congress After 50 New Accounts Bet on Iran Ceasefire Before Trump Announced It

14/04/2026

XRP CLARITY Act Vote in Focus as XRP Holds $1.34 and Senate Returns April 13

14/04/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act

14/04/2026

‘This Is Our Last Chance’

14/04/2026

$APE, $IMX & $PIXEL Lead Crypto Gaming Social Activity Today

14/04/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.