Prometheum Appoints Wall Street Veteran Albert Meo as CFO

Prometheum, the crypto platform stirring controversy as it asserts itself as the sole U.S. special-purpose crypto broker-dealer, has made a significant move by hiring a Chief Financial Officer with a distinguished Wall Street background from renowned firms such as Morgan Stanley and Goldman Sachs Group Inc.

Albert Meo, former Executive Director for Regulatory Policy at Morgan Stanley, brings a wealth of experience in mainstream finance, having also worked with prominent institutions like Fidelity Investments and Nomura. Meo’s involvement extends to serving on the advisory board of the Securities Industry and Financial Markets Association (SIFMA), the securities industry’s internal standards organization. Meo’s extensive financial career, which commenced at Price Waterhouse four decades ago, has frequently involved regulatory reporting responsibilities.

Reflecting on his decision to join Prometheum, Meo emphasized the company’s commitment to compliance and innovation, aligning with his professional ethos and expertise.

Meo’s arrival coincides with Prometheum’s foray into crypto custody operations, beginning with the custody of Ethereum’s ether (ETH) for its clientele. While the company hasn’t disclosed the identities of participating institutions, its ultimate objective is to provide a comprehensive platform for custody, trading, and clearing of crypto securities, fully compliant with U.S. Securities and Exchange Commission (SEC) regulations.

In contrast to many crypto-native firms, Prometheum has embraced the SEC’s regulatory framework, aiming to treat crypto assets as securities in compliance with existing laws. This stance sets it apart from the majority of the industry, which has challenged the SEC’s interpretation of digital assets as securities through legal battles.

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