According to the strict European exhaust emissions standards that have been imposed by European legislation there is an elevated need for the decrease of the toxic gas emissions from vehicles. Therefore, car manufacturers have implemented a series of catalytic devices in the aftertreatment of the engine to comply with the standards. All catalytic devices (such as three-way catalysts, diesel particulate filters and diesel oxidation catalysts) accumulate concentrated loading of platinum group metals (PGMs, platinum, palladium, rhodium) as the active catalytic phase. Thus, the demand for PGMs is constantly increasing with a subsequent increase in their market prices. As a result, the research on catalytic converters of high activity and reduced cost/PGM loading is of great interest. In the present work, the Prometheus catalyst, a polymetallic nanosized copper-based catalyst for automotive emission control applications, is presented in two different metal loadings (2 wt% and 5 wt%) and metal ratios (Cu/Pd/Rh = 21/7/1 and Cu/Pd/Rh = 21/7/3). For the first time, a three-metal (copper, palladium, rhodium) nano-catalyst has been synthesized and characterized on a large scale. By using copper as an active catalytic phase, a reduction of PGMs loading is achieved (up to 85%) resulting in a novel catalytic device with similar or improved catalytic performance compared to commercial ones. The Prometheus catalyst is prepared by a wet impregnation method, using as a carrier an inorganic mixed oxide (CeZrO4) exhibiting elevated oxygen storage capacity (OSC). The heterogeneous catalytic powders produced were characterized by both spectroscopic and analytical methods. The metal content and ratio were determined by inductively coupled plasma mass spectrometry (ICP-MS), X-ray fluorescence (XRF) and energy-dispersive X-ray spectroscopy (EDS). The morphology and the catalyst particle size were determined with scanning electron microscopy (SEM) and X-ray diffraction (XRD). The investigation revealed homogeneous particle formation and dispersion. The deposition of the metal nanoparticles on the porous inorganic carrier was verified with N2 sorption. Catalytic performance and reactivity of a catalyst (pure wash coat) with molar ratio 21/7/1 and a full-scale Prometheus catalyst with the desired loading of 15 g/ft3 were tested on an in-house synthetic gas bench (SGB) for the abatement of CO, CH4 and NO, both presenting high catalytic activity.