Prometheum has outlined how international investors would hold, redeem and receive legal protection for tokenized U.S. stocks under a proposed arrangement with HashKey Digital Asset Group and Velocity Capital. Cede & Co., the nominee used by the Depository Trust Company, would remain the registered owner of the underlying shares held at DTC (U.S. securities depository), while customers would hold securities entitlements through the indirect holding system established under UCC Article 8. Investors could convert tokens into conventional shares or sell their positions for cash through the broker-dealer, using standard DTC processes. The structure is designed to differ from synthetic products and offshore special-purpose vehicles, where investors may hold only a contractual claim or price exposure. Prometheum Capital and Velocity are SEC (U.S. securities regulator)-registered, FINRA (broker-dealer regulator) member firms, and the proposed tokens could cover Russell 1000 companies, major-index ETFs and U.S. Treasury securities. The international pilot remains subject to definitive agreements, regulatory approval, licensing, technical and operational integration, selected securities and jurisdictions, and the availability of DTCC’s tokenization infrastructure. DTCC has scheduled the full launch of its Tokenization Service for October 2026 after limited production transactions in July.