Uniswap, Arbitrum face potential securities classification after inclusion in Prometheum's custodial platform

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Uniswap, Arbitrum face potential securities classification after inclusion in Prometheum's custodial platform
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Prometheum Capital announced in a press release on Wednesday that it plans to add Uniswap (UNI) and Arbitrum (ARB) tokens as part of its custodial platform that is set to launch in the coming months.

Prometheum Capital announced its plans to include UNI and ARB tokens as digital securities on its custodial platform. Prometheum may stir controversy from the announcement as the company supports the SEC's claim that several cryptocurrencies are securities. The announcement comes at a time when Uniswap Labs received a Wells notice from the SEC.

The company received licenses from the SEC last year to operate as a special-purpose broker-dealer, the first of its kind among crypto exchanges. It is also permitted by the Financial Industry Regulatory Authority to deal in crypto clearing and licensing services. The announcement may stir criticism from the crypto community toward Prometheum as it solidifies its support with SEC Chair Gary Gensler, who claims that most crypto assets are securities.

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