107003098 1642600250477 gettyimages 1365459647 029a9422 42e6ac48 0a0c 4a00 a8b6 2b324eaf41eb Prime Trust raises $100 million to add IRAs and staking to services suite

Prime Trust raises $100 million to add IRAs and staking to services suite

– Prime Trust crypto custody and infrastructure startup has raised $100 million in Series B funding from payment processing firm FIS and other investors to expand its financial products and services suite.
– The company plans to add crypto retirement accounts and staking products to its suite of products, increase its support for tokenized products, like NFTs, and expand its infrastructure and security offerings.
– Prime Trust serves about 700 customers, ranging from crypto exchanges, on ramps, wallet apps, ATSs, RIAs, broker dealers and banks.
– Tom Pageler, chief executive officer at Prime Trust told “Crypto World” Wednesday that investors weren’t too spooked by the bearishness in the market this year and saw the timing of the investment as a good opportunity.

 

 

107003098 1642600250477 gettyimages 1365459647 029a9422 42e6ac48 0a0c 4a00 a8b6 2b324eaf41eb Prime Trust raises $100 million to add IRAs and staking to services suite
Prime Trust raises $100 million to add IRAs and staking to services suite 3

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