PRIME TRUST
Prime Trust was founded in 2016 on the belief that the future of finance is digital. Through a full suite of APIs, we help financial institutions and fintech companies build seamlessly, launch quickly, and scale securely. As an independent, regulated trust company, we work with clients such as crypto exchanges and payment platforms, who rely on our trusted, secure ecosystem and institutional grade blockchain technology. Prime Trust solutions are at the center of a quickly-evolving crypto industr... y, providing the infrastructure that merges digital assets with traditional finance. For fintech businesses in the US and around the world, Prime Trust makes it possible to securely and compliantly access the digital economy. The company is recognized by Forbes as America’s Best Startup Employer 2022 and is also Great Place to Work-Certified™ 2022. Prime Trust has also been named to CB Insights Blockchain 50 for 2022. Visit us at www.primetrust.com and connect with us on LinkedIn, Twitter, and Facebook.
PRIME TRUST
Industry:
Banking Blockchain Cryptocurrency Financial Services FinTech
Founded:
2016-04-10
Status:
Active
Contact:
702-840-4000
Email Addresses:
[email protected]
Total Funding:
176 M USD
Technology used in webpage:
Domain Not Resolving U.S. Server Location YouTube COVID-19 Amazon Route 53 Amazon CloudFront Java EE Invalid Certificate Dates Envoy Cloudflare Challenge
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Current Advisors List
Current Employees Featured
Founder
Acquisitions List
| Date | Company | Article | Price |
|---|---|---|---|
| 2018-07-18 | FundAmerica Technologies | FundAmerica Technologies acquired by Prime Trust | N/A |
Investors List
Vijay Shankar
Vijay Shankar investment in Series C - Prime Trust
Trajectory Ventures
Trajectory Ventures investment in Series B - Prime Trust
Decasonic
Decasonic investment in Series B - Prime Trust
FIS
FIS investment in Series B - Prime Trust
Seven Peaks Ventures
Seven Peaks Ventures investment in Series B - Prime Trust
Mercato Partners
Mercato Partners investment in Series B - Prime Trust
Commerce Ventures
Commerce Ventures investment in Series B - Prime Trust
Kraken Ventures
Kraken Ventures investment in Series B - Prime Trust
Gaingels
Gaingels investment in Series B - Prime Trust
GateCap Ventures
GateCap Ventures investment in Series B - Prime Trust
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2021-11-15 | Future of Life Institute | Prime Trust investment in Grant - Future of Life Institute | 482.48 K USD |
Newest Events participated
Key Employee Changes
More informations about "Prime Trust"
Crypto Firm Prime Trust Placed Into Receivership
Jun 27, 2023 Currently, Prime Trust only has 3.5% of the cash owed to its clients, and there is also a $900,000 shortfall in crypto assets. Prime Trust Only Holds 3.5% of Cash Owed to Clients .See details»
Nevada Orders Custodian Prime Trust To End …
Jun 22, 2023 The takeover, terms of which had not been disclosed, would have given BitGo access to Prime Trust’s banking connections and wealth-management offerings, including a system for U.S. individual ...See details»
Prime Trust Finally Bites The Bankruptcy Dust, Owes …
Aug 15, 2023 Prime Trust, a Las Vegas-based cryptocurrency custodian, has filed for Chapter 11 bankruptcy protection, marking another setback for the embattled financial technology company. ... We take a closer look at all data …See details»
Prime Trust Put Into Receivership Amid Shortfall in …
Jul 18, 2023 The request for receivership stated that Prime Trust owed its clients north of $85 million in fiat, and only had about $3 million in fiat currency on hand. The company owed a further $69.5 million ...See details»
Prime Trust Bolsters Regulatory Bench with New Hires from the …
Jun 29, 2021 Beyond the recent hires, Prime Trust has top talent across the organization, including an array of former regulators, prosecutors, and law-enforcement officials. The …See details»
Prime Trust’s Financial Failure and Shift Towards ‘No-Custody …
Jul 5, 2023 The fallout from Prime Trust's failure has highlighted the risks associated with crypto companies relying on third-party custodians for asset safety. Prime Trust was placed into …See details»
Nevada Files to Place Crypto Custodian Prime Trust …
Jun 27, 2023 Prime Trust entered an agreement with Fireblocks to have the latter company manage its crypto assets, which was completed in 2020. In 2021, after Prime Trust saw new management, it set up "legacy ...See details»
Prime Trust - Funding, Financials, Valuation & Investors - Crunchbase
Prime Trust powers innovation in the digital economy by providing fintech and digital asset innovators with financial infrastructure. Search Crunchbase. ... How much funding has this …See details»
Emerging Fintech Market Leader Prime Trust Raises over $100M in …
Jun 22, 2022 Prime Trust's team has extensive regulatory and financial services backgrounds from the OCC, SEC, Federal Reserve, US Department of Justice, Department of Homeland …See details»
Prime Trust Filing Reveals Cascade of Failures That Led …
Aug 27, 2023 Officials said that Prime Trust owed more than $85 million in fiat with only about $2.9 million on hand. In terms of cryptocurrencies, Prime Trust owed about $69.5 million with a little over $68.6 million available to it at the …See details»
Prime Trust Raises $107 Million Series B Round To Expand ... - Forbes
Jun 22, 2022 In 2021, Prime Trust saw a 2,000% growth in user accounts while processing 300 million API calls and settling up to $3.5 billion per month. That is on top of doubling revenue for …See details»
Prime Trust Bolsters Regulatory Bench with New Hires from the …
Smoke and mirrors: Unpacking the sagas of Prime Trust and …
Oct 11, 2023 What happened with Prime Trust? Prime Trust was a custodian that acted as the backend for several exchanges and apps. The company was a “qualified custodian” regulated …See details»
Emerging Fintech Market Leader Prime Trust Raises over $100M in …
Jun 22, 2022 Emerging Fintech Market Leader Prime Trust Raises over $100M in Series B Funding to Expand into New Offerings. FINTECHTV Editorial Team June 22, 2022 Press …See details»
Prime Trust's Banq Files For Bankruptcy After Former Officers Steal …
Jun 14, 2023 This bankruptcy filing follows Prime Trust’s ongoing efforts to finalize an acquisition deal with BitGo, which became necessary due to a financial crisis stemming from the Celsius …See details»
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