Tagged: scott purcell

Prime Trust Now Supports Stellar

Prime Trust has added Stellar (Stellar Lumens – XLM) to its list of supported cryptocurrencies. Prime Trust said addition has been made in response to the overwhelming demand from customers. Stellar is one of a few blockchains that have been favored by digital securities issuers…. Read More

It’s Time for the Definition of an Accredited Investor to Change and Allow Greater Access to Individual Investors

Later this week, the Securities and Exchange Commission (SEC) will update the definition of an Accredited Investor – a rule that has been in place for decades. An open meeting of the Commission is scheduled for Wednesday, August 26, 2020. The current rule allows individuals… Read More

In the Land of Fintech, Prime Trust is Killing It

  Prime Trust is a fast-growing Fintech and securities custody provider that appears to be in the midst of hockey stick trajectory. This week, in a widely distributed email, Prime Trust founder and CEO Scott Purcell outlined the transition from startup, to market traction, to… Read More

Prime Trust Hires Former JPMorgan Exec as New President and COO

Prime Trust, a custody platform and Fintech that just about every online capital formation platform in the US utilizes, has hired Tom Pageler as President & COO, according to an email distributed by founder and CEO Scott Purcell. Pageler has a long resume of working… Read More

Prime Trust Statement: Built to Survive and Thrive in Perilous Times

The Coronavirus spawned market meltdown is impacting all aspects of society. Both small and large firms are attempting to assess how to survive while staying healthy. Every company that is able to is work remotely has already migrated to a virtual environment. Access to capital… Read More

Huge Win: AOIP Members Comment on SEC Proposal to Improve Capital Formation

This week the Securities and Exchange Commission released a proposal to amend multiple securities exemptions. The proposed amendments to the exemption ecosystem may dramatically impact online capital formation for the better. These changes could make it easier for firms to raise money online while helping… Read More

Scott Purcell Slams the SECs Proposed Update to the Accredited Investor Rule: “it still remains policy that only rich people are permitted to get rich”

Outspoken entrepreneur and CEO of Prime Trust Scott Purcell has shared his thoughts on the Securities and Exchange Commission’s (SEC) proposal to modernize the current definition of an accredited investor. At the moment, an accredited investor in the US is measured by a wealth metric…. 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 Appoints Deputy Banking Commissioner of Wyoming as Chief of Regulatory Affairs

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

PrimeTrust Announces Free IRA Service for Crowdfunding, Crypto & 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

Neutral Dollar Stablecoin Founder Slams Tether

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

Scott Purcell of PrimeTrust on Tether: They Refused an Audit, that Means One Thing – Fraud

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 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

StartEngine Summit: Are Security Tokens the Future of Crypto?

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

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

Prime Trust Launches Technology to Enable Real Estate Syndicators & Securities Issuers to Accept Funds in Bitcoin & Ethereum

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 Acquired by Prime Trust

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 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

Arcimoto Raises $20 Million in Reg A+ Crowdfunding Offer, Will Trade on NASDAQ Under Symbol FUV

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

Where is the Crowd?

  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

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