Tagged: escrow

Digital Assets: Standard Custody, L1 Advisors to Offer Integrated Qualified Custody, Self-custody Services

Standard Custody & Trust Company, a NYDFS chartered company providing institutional-grade custody, escrow, and settlement services for digital assets, announced a  partnership with L1 Advisors, a “pioneering” onchain wealth management platform for financial advisors and their clients. This partnership signifies an “industry-first” product offering “for… Read More

Manasquan Bank, ZSuite Tech to Introduce Digital Escrow Platform

ZSuite Tech, a financial technology company that powers financial institutions with unbound digital accounts encompassing escrow, subaccounting, sub-ledgering, FBO and trust accounts for commercial clients, announced Manasquan Bank successfully deployed ZEscrow, the industry’s “first” completely digital commercial escrow solution, and ZRent, an automated rent and… Read More

Prime Trust Announces Binance America as Customer

Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, has announced Binance America (BAM) as a customer. Binance is frequently credited with being the largest crypto exchange in the world. Recently, Binance announced Binance.us to serve US-based customers who… Read More

Prime Trust Updates Site, Highlights PrimeX Exchange Network for Real Time Crytpo Transfers

Prime Trust, a custody and escrow service for both traditional and crypto assets, has recently updated their site along with an interesting comparison regarding their PrimeX service. PrimeX is an API service that allows you to transfer any asset between a PrimeTrust account and any… Read More

Prime Trust Raises Undisclosed Amount from Crypto Exchange OKCoin, Has Topped 1400 Deals in Escrow Service

Prime Trust, Fintech that provides custody and escrow services in a diverse portfolio of assets including crypto, has confirmed an investment led by crypto exchange OKCoin. In an email, Prime Trust confirmed what had been circulated on social media for some time. Prime Trust founder… Read More

Interesting: You Can Permit Investors to Purchase Securities in BTC or ETH. Just Don’t Do it

This is courtesy of a note being circulated by Prime Trust, a service that provides escrow options including for the burgeoning digital assets sector and crowdfunded securities. Scott Purcell in an email tackled the topic of whether, or not an issuer of securities may accept… Read More

StartEngine Teams Up With PrimeTrust to Create First Reg CF Crypto Escrow

StartEngine, a full stack crowdfunding platform listing Reg CF, Reg D, and Reg A+ offerings, announced on Friday it has partnered with technology-driven trust company PrimeTrust to create what they believe is the first ever regulation crowdfunding crypto escrow. According to the duo, the crypto escrow will allow… Read More

Minimizing Potential Litigation & Regulatory Risks for Crowdfunding Platforms

Crowdfunding regulations were enacted with the goal of providing small businesses access to capital without imposing arduous registration and disclosure burdens.[i]  In that regard, the regulations have shown significant promise. Commentators have rightfully highlighted the substantial benefits to both issuers and investors based on their… Read More

FINRA Allegedly Warns Off Reg CF Portals on Use of Trusts for Escrow

FINRA is a non-governmental entity that acts as a financial regulator over a wide swath of the financial industry.  Their mission is to detect and prevent wrongdoing in the US financial markets. FINRA also has enforcement powers. Last year alone they rendered over 1500 disciplinary… Read More

Smoked: Reg CF Doesn’t Work for Marijuana Industry Entrepreneurs

The budding Marijuana industry has attracted a legion of “ganjapreneurs” seeking the chance to cash in on the US movement to legalize and legitimize Cannabis. ArcView Group, a “hub for investment, data and progress” estimates the industry will drive around $7 billion in revenue during 2016…. Read More

Balanced Payments Platform Shuts Down. Gives 90 Day Notice to Clients

Balanced, a payments and escrow platform, has announced they are shutting down operations and have given a 90 day notice to clients of the closure. The announcement was made by Balanced co-founder & CEO, Matin Tamizi. Balanced has formed an agreement with Stripe to migrate customers if… Read More

BancBox Gives 60 Days Notice to Escrow Clients

In a widely circulated email sent last week, BancBox delivered the news to crowdfunding and lending portals their Invest product may soon be coming to an end.  BancBox has been providing a service to a varied number of crowdfunding portals that currently depend on their… Read More

BancBox, Widely Used by Crowdfunding Platforms, Reviews Onboarding Process

BancBox, a company that sees investment crowdfunding platforms as a targeted customer for their services that “give non-financial institutions a simple, secure way to collect, store, and send money” has released a statement indicating they are currently reviewing their process of onboarding customers onto their platform…. Read More

Two Big Questions For Indiegogo And PayPal On The Heels Of HealBe’s Crowdfunding Debacle

We’ve been keeping up with PandoDaily writer James Robinson’s (pictured) digging into HealBe’s Indiegogo campaign. It turns out that Robinson’s search is now leading him toward other Indiegogo campaigns seemingly with similar issues. A recent article dives into claims made during a campaign for the TellSpec, a device… Read More

Crowdfunding Escrow & Payment API BancBox Invest Shares Early Stats

BancBox Invest (formerly BancBox Crowd) is a crowdfunding API that we’ve covered in-depth in the past. The escrow and payment solution for crowdfunding platforms recently shared statistics with Crowdfund Insider, and so far things are looking good. The company shared that 18 crowdinvesting platforms are current… Read More

WATCH: Balanced Featured In Github Video Series

We recently brought you the story of Balanced, a payment processor and escrow service specializing in P2P marketplaces and crowdfunding platforms. Part of the story around Balanced is their open approach to building a business. A big part of that approach is deep integration with… Read More

Balanced: Payments & Escrow For P2P Marketplaces, Crowdfunding Platforms

Balanced was created to increase the global economy through payments. As we built Balanced, it troubled me that we had adopted the closed-off culture common to the financial services industry, where everything was locked up for the sake of “competitive advantage.” That wasn’t the kind of… Read More

In-Depth: BancBox’s Payment Solution for Crowdfunding Platforms

One of the most important decisions any crowdfunding platform will undertake is deciding how to process payments. Platforms operate in a very specific (and complicated) context. In particular, two issues are bound to come up when considering whether to adopt a certain payment solution… Escrow… Read More

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