Tagged: scott purcell

September 8, 2023 @ 12:53 pm By JD Alois  |  

Ripple, creator of XRP, has announced the acquisition of Fortress Trust, a regulated entity that provides custody and other services in regard to digital assets. Terms of the acquisition were not disclosed. Ripple was an investor in Fortress during its seed funding round in 2022…. Read More

July 19, 2023 @ 3:15 pm By JD Alois  |  

In September 2022, Nasdaq announced a new Nasdaq Digital Assets division that would provide a custody solution, subject to regulatory approval. According to reports, Nasdaq has decided to abandon its push into crypto custody to focus on other initiatives – like its move into Regtech… 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 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

June 7, 2023 @ 3:56 pm By Omar Faridi  |  

PayQuicker, an innovative financial technology leader in the global payouts market, is strengthening its payouts orchestration platform, Payouts OS, “by announcing the following new partners: Qolo, Fortress, and Citcon.” Qolo was selected as “an issuing-processing partner for Payouts OS, to issue a more advanced suite… Read More

May 15, 2023 @ 11:37 pm By Omar Faridi  |  

Astra, a provider of infrastructure for faster payments, today announced a partnership with Fortress Trust, a custodial trust company in the blockchain infrastructure space, to bring enhanced security and real-time settlement to new use cases within financial technology. By combining their respective solutions, the two… Read More

April 26, 2023 @ 4:50 pm By JD Alois  |  

Jumpstart Micro, a FINRA-regulated funding portal, has experienced a change of ownership, according to public filings. Funding portals are regulated platforms that may issue securities under Reg CF or Regulation Crowdfunding.  These intermediaries were created under the JOBS Act of 2012 to facilitate online capital… 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

August 9, 2022 @ 12:09 pm By JD Alois  |  

Fortress Blockchain Technology has raised a $22.5 million seed round to pursue its vision for B2B infrastructure for Web3. Fortress Blockchain was founded by Scott Purcell, the individual who founded the successful custody and infrastructure Fintech – Prime Trust. The funding was led by Ayon… Read More

June 30, 2022 @ 3:17 pm By JD Alois  |  

Scott Purcell, founder of Prime Trust, has announced that his newest venture, Fortress Trust, has hired more former regulators. Purcell is founder and CEO of Fortress Blockchain Technologies, the parent company of Fortress Trust. First, Fortress Trust has added Joe Mulberry to the executive team… Read More

May 17, 2022 @ 11:16 pm By JD Alois  |  

Fortress Trust Company, a wholly-owned subsidiary of Fortress Blockchain Technologies, has announced the appointment of  Albert Forkner as its new Chief Executive Officer. Forkner fortress after being a Bank Commissioner in Wyoming and Chairman of the Conference of State Bank Supervisors. Fortress is the newest… Read More

April 26, 2022 @ 4:59 pm By JD Alois  |  

Scott Purcell, the founder of Prime Trust (and Fund America) and former CEO, is moving into the NFT or non-fungible token market, aiming to provide “peace of mind” and security for these digital assets – somewhat similar to what he did for other assets. In… Read More

October 8, 2020 @ 9:39 pm By JD Alois  |  

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

August 23, 2020 @ 7:30 pm By JD Alois  |  

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

July 29, 2020 @ 11:36 am By JD Alois  |  

  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

June 1, 2020 @ 12:40 pm By JD Alois  |  

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

March 16, 2020 @ 1:30 pm By JD Alois  |  

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

March 6, 2020 @ 9:50 am By JD Alois  |  

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

January 23, 2020 @ 3:06 pm By JD Alois  |  

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

September 24, 2019 @ 1:00 pm By JD Alois  |  

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