A subsidiary of blockchain company Prometheum has tapped digital asset bank Anchorage to be the custodian of an alternative trading system (ATS) for digital securities the company plans to open to the public later this year.

According to Prometheum CEO Aaron Kaplan, the ATS application is still pending with the Financial Industry Regulatory Authority (FINRA), but the company has a system in place that allows brokerage firms and clearing houses to talk to each other. easily in order to attract Wall Street. companies to use a platform with which they are familiar.

“It’s a Nasdaq on the blockchain,” Kaplan told CoinDesk in an interview.

Adding more ATS platforms for the digital security market will give issuers more liquidity for their tokens, said Nathan McCauley, CEO of Anchorage. Last month, security token platform Tokensoft announced that it would allow its issuers to trade their digital securities on tZERO, which uses Prime Trust as its custodian.

“The big advantage of the title tokens is the public ledgers,” said McCauley. “Transparency is unprecedented in traditional stock markets. “

During its charting process, Anchorage obtained specific approval from the Office of the Comptroller of the Currency (OCC) to hold security tokens on behalf of brokers, McCauley added. Anchorage plans to offer cash loans with security tokens acting as collateral through an affiliate.

FIXED (March 21, 20:22 UTC): The ATS application is pending at FINRA, not the SEC.