Prime Trust, a custody and escrow platform that services both traditional and digital assets, has made an important hire. According to a note from the company, Prime Trust has appointed Amanda Ortega, previously a Deputy Banking Commissioner for the State of Wyoming, as Chief of… Read More
According to an email circulated by PrimeTrust, the custody platform is now offering a free IRA service (individual investment accounts) to their platform partners. This means that crowdfunding platforms, broker-dealers, investment advisers, real estate platforms and cryptocurrency exchanges that are PrimeTrust partners may offer this… Read More
Matt Branton, CTO of Neutral and architect of Neutral Dollar – an aspiring stablecoin, has slammed stablecoin leader Tether in a statement. Neutral Dollar (NASD) is a stablecoin pegged to a basket of four other stablecoins (USDC, PAX, DAI, TUSD) which just recently went live…. Read More
The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More
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
The StartEngine Summit entitled “Tokenizing the World” took place in Santa Monica during LA Blockchain week this October. StartEngine, one of the largest investment crowdfunding platforms in the US, focused most of the conference on the future of crypto and securities issued on the blockchain. As… Read More
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
Prime Trust, a blockchain driven trust company, announced on Monday it has launched a new technology that enables real estate syndicators and securities issuers to accept funds from investors in the form of Bitcoin and Ethereum, frictionlessly and with zero crypto-market risks to the syndicator or issuer. According… Read More
FundAmerica, a securities escrow software provider that is widely used in the crowdfunding industry, has been sold to Prime Trust. The acquisition was revealed in an email by CEO and founder of FundAmerica Scott Purcell who is also the CEO and Chief Trust Officer of… Read More
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
Arcimoto says it raised almost $20 million in a Reg A+ crowdfunding round that closed on September 15th on WRHambrecht. Arcimoto said the company was shooting for $10 million but “landed almost double that”. Arcimoto added that it will trade on NASDAQ under ticker symbol… Read More
At a lightly attended alternative finance conference last month, Dr. Richard Swart spoke about the anaemic growth of the US crowdfunding industry. He made the point that we (industry participants including portals, broker-dealers, escrow banks & trusts, transfer agents, investor accreditation services, accountants, lawyers,… Read More
The merger between the Crowdfund Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association is reportedly on hold. A merger between the two entities was publicly announced by a CFPA representative at an event in Washington, DC earlier this month. The announcement was followed by an email… Read More
Nevada-based Fintech startup Prime Trust announced on Friday it has appointed former Hambrecht Partner and CTO, Whitney White as its new COO and CTO. According to Prime Trust, during his 17 years at Hambrecht White assisted in the design and execution of the company’s capital… Read More
Crowdfunding platforms in the US have been unable to accept investments via credit cards thus streamlining the process of purchasing securities online. That is until now. Vantiv (NYSE:VNTV), a Cincinannit based payment processor, has decided to facilitate these transactions. In a recent update by FundAmerica,… Read More
The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation. The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for… Read More
CrowdU, the Crowdfunding College, is now offering the first certification program to train the future professional advisors who want to help businesses raise capital via equity and debt crowdfunding. The educational program, created by securities crowdfunding industry pioneers Scott Purcell and Ruth Hedges is targeted… Read More
FundAmerica, a debt- and equity-based crowdfunding platform currently in development, has raised a $1.4 million investment round from a group of angel investors. The round will be used to bring their crowdfunding platform to market. This is the second funding round raised by FundAmerica and… Read More
To probe the legal intricacies revolving around the JOBS Act and how these new laws might impact the crowdfunding scene in the next months leading to and right after the much-anticipated full implementation of crowdfunding for equity, David Drake spoke with Scott Purcell, CEO of… Read More
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