Tagged: prime trust

August 14, 2023 @ 9:16 pm By JD Alois  |  

Prime Trust, once one of the most successful Fintechs in its sector, has filed for Chapter 11 Bankruptcy protection as it seeks to maximize the value of the firm. According to a corporate release, Prime Trust and certain affiliates have filed voluntarily in the Eighth… Read More

June 29, 2023 @ 3:03 pm By JD Alois  |  

Coinbits is another digital asset platform with a relationship with Prime Trust – now insolvent – that finds that some customers cannot access their crypto. In a series of Tweets, Coinbits shared the news to its followers: This is thread that we would never have… Read More

June 24, 2023 @ 2:24 pm By JD Alois  |  

Prime Trust, once one of the most successful Fintechs serving the securities crowdfunding industry, is now insolvent, according to a document filed by the State of Nevada, Department of Business and Industry, Financial Institutions Division (NFID). In a cease and desist (C&D) order, NFID claims… Read More

June 22, 2023 @ 12:59 pm By JD Alois  |  

Prime Trust was founded many years ago at the beginning of online capital formation. At one point, it was one of the most important and successful firms in the securities crowdfunding marketplace providing services for just about all the platforms. As digital assets became a… Read More

June 22, 2023 @ 12:33 pm By JD Alois  |  

Bitgo has decided to terminate its preliminary agreement to acquire Prime Trust. Earlier this month, rumors circulated about troubles at Prime Trust, with Bitgo emerging as a white knight to acquire the firm. BitGo had signed a term sheet to acquire the equity of Prime… Read More

June 14, 2023 @ 4:14 pm By JD Alois  |  

Banq, a platform for the primary issuance of securities controlled by Cambria Capital, a regulated broker-dealer, has filed for bankruptcy, according to many reports. Chapter 11 Dockets distributed the news via Twitter. Crypto software company Banq filed for bankruptcy protection today in Nevada https://t.co/ckmt6V6AMl pic.twitter.com/4EmKzowj24… Read More

June 8, 2023 @ 5:04 pm By JD Alois  |  

BitGo has signed a term sheet to acquire the equity of Prime Core Technologies, the parent company of Prime Trust. Both companies provide services such as custody to digital asset firms. Earlier today, rumors filtered out about a deal with BitGo being in the works… Read More

June 8, 2023 @ 4:33 pm By JD Alois  |  

According to multiple rumors and reports, Prime Trust, a top infrastructure provider in the crypto sector, could be on the brink of failure or acquisition. A recent Tweet claims to have knowledge that Prime Trust is close to insolvency. So this is in regards to… Read More

April 9, 2023 @ 11:46 pm By JD Alois  |  

Binance.US is having a hard time parking cash in a bank following the collapse of Silvergate Bank and Silicon Valley Bank (SVB). According to a report by WSJ.com, Binance.US is working with a “middleman” to manage cash for dollar deposits – said to be Prime… Read More

November 29, 2022 @ 6:35 pm By JD Alois  |  

Prime Trust has made a change at the top as Tom Pageler is out as Chief Executive Officer, according to a representative from the company. Prime Trust issued the following statement: Today, the Prime Trust Board of Directors announced a leadership transition to better align… Read More

September 23, 2022 @ 9:34 am By JD Alois  |  

DealMaker, a crowdfunding company based in Canada but providing services across the US, has been named the 3rd fastest growing company in Canada – reporting a huge 500% rate of growth. While based in Toronto, DealMaker reports 124 employees with a presence in both the… Read More

September 20, 2022 @ 10:25 am By JD Alois  |  

Prime Trust, a longtime bulwark in the securities crowdfunding sector that has moved decisively into the digital asset industry, is exiting its Fund America business – an operation that started during the early days of crowdfunding in the US. The decision has been made due… Read More

June 22, 2022 @ 5:34 pm By JD Alois  |  

Prime Trust, a custody provider and overall enabler of digital assets, has raised $100 million in Series B funding according to an email from the firm. Investors included FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund,… Read More

June 1, 2022 @ 4:40 pm By JD Alois  |  

Prime Trust, a platform that enables both digital and traditional assets including custody, has gained a SOC 2 Type 2 certification for managing customer data, according to a company statement. David Pigott, Prime Trust Chief Security & Risk Officer, said the new certification is further… Read More

March 3, 2022 @ 4:55 pm By JD Alois  |  

The Importance of Compliance. Under the JOBS Act 0f 2012, online capital formation – or investment crowdfunding, became legal in the US. Three exemptions were created that enabled firms to raise money online to fund a company by selling securities. The legislation created Regulation Crowdfunding… Read More

February 11, 2022 @ 12:07 pm By Omar Faridi  |  

METL is introducing what it claims to be the first-ever decentralized fiat gateway infrastructure of its kind “bridging Web 2 to Web3 in collaboration with Prime Trust and Avalanche.” METL’s roots date back to 2018 when the first MVP was created, in order to demonstrate… Read More

January 20, 2022 @ 10:42 pm By JD Alois  |  

Crowdfund Insider, a leading news and information website covering the emerging global industry of disruptive finance including investment crowdfunding, blockchain, and other forms of Fintech, has launched a six-part webinar series exploring and evaluating the ongoing US crowdfunding revolution, starting in February 2022. The JOBS… Read More

November 1, 2021 @ 8:49 am By Erin Holloway  |  

Investment crowdfunding took off when the JOBS Act regulation went into effect back in 2016 and has become a booming industry in short order. We saw some significant regulatory changes in March of this year, with the Securities and Exchange Commission (SEC) confirming capital formation… Read More

October 25, 2021 @ 4:31 pm By JD Alois  |  

Prime Trust, an infrastructure platform for Fintechs as well as digital asset service providers says it is growing its liquidity pool to “ensure scalability and reliability for customers.” Simultaneously, Prime Trust has announced a new white-label debit card program accessible to all integrators who use… Read More

September 30, 2021 @ 3:42 pm By Tony Zerucha  |  

Elliptic, a provider of blockchain analytics and crypto compliance solutions, today announced an agreement with US-based financial infrastructure provider Prime Trust, which aims to help fintech innovators launch quickly and scale securely in today’s digital economy. Prime Trust, which recently announced the close of a… Read More