Disclosures
Prometheum Capital LLC - Form CRS
Prometheum Ember Capital Form CRS - Customer Relationship Summary July 26, 2024
Introduction
Prometheum Ember Capital LLC (“ProCap) is registered with the Securities & Exchange Commission as a special purpose broker-dealer. ProCap is a member of FINRA. Custody, Brokerage and investment advisory services and fees differ; it is important for you to understand the differences. Free and simple tools are available to research firms
and financial professionals at: www.investor.gov/CRS.
Introduction
Prometheum Ember Capital LLC (“ProCap) is registered with the Securities & Exchange Commission as a special purpose broker-dealer. ProCap is a member of FINRA. Custody, Brokerage and investment advisory services and fees differ; it is important for you to understand the differences. Free and simple tools are available to research firms
and financial professionals at: www.investor.gov/CRS.
What investment services and advice can you provide me?
ProCap operates a special purpose broker dealer providing retail and institutional customers, who have been granted access to the platform, the ability to deposit into and withdraw out of their accounts cash and Digital Asset Securities.
ProCap does not offer advice, recommendations or strategies involving digital asset securities, and does not monitor the performance in your account except for its own risk purposes. For more information about our services, please visit our website at https://www.Prometheum.com.
Conversation starters: Given my financial situation, should I choose a Special Broker Dealer to Custody my crypto asset securities? ? Why or why not?
If you make all of your own investment decisions, have a high risk tolerance and desire to custody digital asset securities at a special purpose broker dealer and qualified custodian, then choosing a firm as a custodian such as ours may be a good choice. As previously mentioned, ProCap does not provide recommendations or advice about whether to buy or sell digital asset securities, on account types, investment strategies or provide monitoring of account performance.
What fees will I pay?
As a special purpose broker-dealer, we will charge you a disclosed fee for custody of digital asset securities in your account. Fees are also allocated to you at the time you deposit or withdraw cash or DAS from your custodial account. All fees we charge are disclosed.
Your trading venue may separately charge you fees for trades placed on their system and you will be responsible for such fees. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
Conversation starters: Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
ProCap is a custodian and does not affect trades. If you want to invest in digital asset securities that are custodied at ProCap, custodian fees and costs will reduce any amount of money you make on your investments over time.
What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?
ProCap does not provide recommendations or advice about whether to buy or sell digital asset securities, on account types, investment strategies or provide monitoring of account performance.Prometheum Inc, our parent company and our affiliates have a great interest in the growth and adoption of the trading, clearing, settlement and custody of digital asset securities underpinned by distributed ledger technology, or blockchain.
Our digital asset security operations currently include our affiliate Prometheum ATS, Inc. (“ProATS”) operating an ATS. Our affiliate ATS is designed to maximize efficiencies and investor experience in the burgeoning landscape of digital asset securities. ProATS does not provide recommendations or advice about whether to buy or sell digital asset securities, on account types, investment strategies or provide monitoring of account performance.
Conversation starters: How might your conflicts of interest affect me, and how will you address them?
A conflict of interest is a potential situation in which ProCap would engage in a transaction or activity where our interest is materially adverse to your interest. The mere presence of a conflict of interest does not imply that harm to your interests will occur, but it is important that we acknowledge the presence of potential conflicts. Moreover, our regulatory obligations require that we establish, maintain, and enforce written policies and procedures reasonably designed to address conflicts of interest associated with the brokerage services being provided to you. ProCap addresses these relationships and a full description of our business by making available all of the disclosures and other materials in the “Disclosure Library'' located on our website https://www.prometheum.com/disclosures.
ProCap encourages you to read and familiarize yourself with all disclosures and other materials that are relevant to your investment relationship with us.
ProCap encourages you to read and familiarize yourself with all disclosures and other materials that are relevant to your investment relationship with us.
How do your financial professionals make money?
ProCap professionals do not receive commissions or other compensation related to our customer’s trading activity. ProCap professionals receive salaries and bonuses that are based on their overall job responsibilities and performance.
Do you or your financial professionals have legal or disciplinary history?
No. Please visit https://www.investor.gov/CRS to research Prometheum Ember Capital LLC and its professionals.
Conversation starters: As a broker-dealer, do you have any disciplinary history? For what type of conduct?
No. Please visit https://www.investor.gov/CRS to research Prometheum ATS INC. and Prometheum Ember Capital LLC professionals. For additional information about our firm and associated professionals and services, please visit https://brokercheck.finra.org/firm/summary/311636
Conversation starters: Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
Please direct any questions and concerns you may have by emailing ProCap at [email protected] or by calling 212-333-3316 and ProCap will address your questions or concerns quickly, professionally and appropriately. ProCap does not provide investment advisory services, therefore the appropriate personnel of ProCap
will address questions as required, be it in a custodial customer services, operational or technical capacity.
Please direct any questions and concerns you may have by emailing ProCap at [email protected] or by calling 212-333-3316 and ProCap will address your questions or concerns quickly, professionally and appropriately. ProCap does not provide investment advisory services, therefore the appropriate personnel of ProCap
will address questions as required, be it in a custodial customer services, operational or technical capacity.
Digital asset securities may not be suitable for all investors. Investors should note that investing or trading in digital asset securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity, which could impact their price and the investor's ability to sell, and possible loss of principal invested. There is always the potential of losing part or all of your money when you invest in digital asset securities. Not SIPC or FDIC insured. For further risk disclosure information see ProATS Digital Asset Securities Risk Disclosure, Prometheum Capital LLC Digital Asset Securities Risk Disclosure, and Regulatory Considerations sections in Disclosures.
