Prometheum, a controversial cryptocurrency platform, has appointed a chief financial officer with extensive experience from Wall Street firms like Morgan Stanley and Goldman Sachs Group Inc.
This move underscores its dedication to becoming the sole U.S. special-purpose crypto broker-dealer in the industry.
Albert Meo has a long history in mainstream banking, having worked for companies including Fidelity Investments and Nomura. He was the executive director for regulatory policy at Morgan Stanley.
The newly appointed CFO of Prometheum has additionally served on an advisory board for the Securities Industry and Financial Markets Association (SIFMA), the internal standards body for the securities industry.
Meo joins Prometheum as it launches crypto custody operations, starting with Ethereum’s ether (ETH). The goal is to centralize custody, trading, and clearing of crypto securities in a fully registered location, aiming for compliance with SEC regulations in the United States.
Unlike many other cryptocurrency companies, Prometheum places more emphasis on theoretical compliance with current securities regulations. This sets it apart from other companies involved in continuing legal disputes with the SEC regarding the agency’s expectations around the trading of digital assets.
The creators of Prometheum founded the company with the belief that it is both possible and appropriate to handle cryptocurrencies as securities in accordance with SEC regulations.
Meo, a certified public accountant, said in a statement, “It’s an exciting juncture in Prometheum’s trajectory to be joining the firm.” Meo’s LinkedIn profile states that he started his financial career approximately 40 years ago as an accountant at Price Waterhouse.
Also Read: Prometheum Gets FINRA Approval for Clearing Services
