Partnership forms between Prometheum and Syntax for on-chain indexing advancement
Prometheum ATS, a regulated trading platform for blockchain-based securities, has announced a partnership with Syntax Data, a leading financial technology provider specializing in data-optimized index solutions. This collaboration aims to facilitate seamless access to blockchain-native markets for Registered Investment Advisors (RIAs) and institutional clients.
By combining Prometheum's complete blockchain infrastructure, encompassing issuance, trading, custody, clearing, and settlement processes, with Syntax's robust index creation tools, the partnership is designed to make blockchain-native financial products more accessible and adaptable. This integration will offer RIAs and institutional clients tools to construct customized financial products tied to on-chain assets.
Syntax Data will deliver a dedicated index data feed to Prometheum ATS, enabling the platform to provide on-chain market data to Syntax's indexing platform. The partnership will also integrate Syntax Direct's direct indexing capabilities into Prometheum ATS's trading environment, providing a simplified process for building compliant, customized investment products within the blockchain ecosystem.
The alliance between the two companies is anticipated to open pathways for a variety of investment offerings such as white-label funds, separately managed accounts (SMAs), Exchange-Traded Funds (ETFs), and other financial instruments structured around Syntax indices. This partnership is expected to accelerate the adoption of on-chain investment strategies and is a testament to the growing trend of incorporating traditional financial methodologies within decentralized environments.
The partnership reflects a broader industry trend of merging traditional financial indexing with blockchain-driven market infrastructure. By offering RIAs and institutional clients access to Syntax's direct indexing capabilities for building customized investment products, the joint effort will provide a simplified process for developing and launching personalized, data-driven indices.
This collaboration is expected to enable RIAs and financial institutions using Prometheum ATS to develop and launch personalized, data-driven indices, thereby accelerating the adoption of on-chain investment strategies. The initial phase of the partnership will make Syntax's direct indexing capabilities available to all RIAs and institutions trading via Prometheum ATS.
The growth of blockchain-based investment vehicles has highlighted the need for reliable and compliant market data services capable of supporting structured products and exchange-traded funds (ETFs) in decentralized ecosystems. This partnership between Prometheum ATS and Syntax Data aims to fill this gap, offering a comprehensive solution for efficient and secure capital market operations within the blockchain ecosystem.
