Blockchain company Prometheum is seeking to become a regulated ICO trading platform after forming a partnership with US broker - dealer Manorhaven Capital . Kaplan said that if regulators do categorize ICOs as securities, then all exchanges that list these tokens have been operating as unregistered broker-dealers. The New York - based company said the deal is a core part of its efforts to create the legal framework , which also include making an application to the US Securities and Exchange Commission for registration as an Alternative Trading System ( ATS ) . This registration would require compliance with federal securities laws , and provide users with protection against the risk of regulators deeming them to be securities , and closing down unregulated exchanges as a result .
Blockchain company Prometheum is seeking to become a regulated ICO trading platform after forming a partnership with US broker - dealer Manorhaven Capital . The New York - based company said the deal is a core part of its efforts to create the legal framework , which also include making an application to the US Securities and Exchange Commission for registration as an Alternative Trading System ( ATS ) . This registration would require compliance with federal securities laws , and provide users with protection against the risk of regulators deeming them to be securities , and closing down unregulated exchanges as a result .