Tagged: scott purcell

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

August 13, 2019 @ 12:10 pm By JD Alois  |  

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

June 10, 2019 @ 4:53 pm By JD Alois  |  

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

May 23, 2019 @ 4:16 pm By JD Alois  |  

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

May 1, 2019 @ 12:09 pm By JD Alois  |  

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

April 20, 2019 @ 12:07 pm By JD Alois  |  

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

November 4, 2018 @ 6:51 pm By JD Alois  |  

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

August 28, 2018 @ 3:18 pm By JD Alois  |  

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

August 6, 2018 @ 1:28 pm By Samantha Hurst  |  

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

July 18, 2018 @ 1:59 pm By JD Alois  |  

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

April 20, 2018 @ 8:56 am By Samantha Hurst  |  

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

September 20, 2017 @ 1:38 pm By JD Alois  |  

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

June 15, 2017 @ 5:48 pm By Scott Purcell  |  

  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

May 12, 2017 @ 10:20 am By JD Alois  |  

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

April 22, 2017 @ 4:29 pm By Samantha Hurst  |  

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

April 14, 2017 @ 2:30 pm By JD Alois  |  

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