Prime Trust, a provider of financial infrastructure for fintech and digital asset innovators, has raised over $100 million in a Series B funding round.
Prime Trust, a provider of financial infrastructure for fintech and digital asset innovators, has raised over $100 million in a Series B funding round.
A mix of new and existing investors have participated in the funding for the company’s Series B, which includes FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures.
To date, Prime Trust has raised more than $170 million in funding and has become a category leader in infrastructure services for some of the world’s leading crypto exchanges, on ramps, wallet apps, ATSs, RIAs, broker dealers and banks.
Prime Trust supports some of the world’s largest brands such as Swan, Abra, Dapper Labs and Binance US and aims to help accelerate the global adoption of cryptocurrency.
The company will use the new injection of $107 million of capital to continue investing in its products and services, as well as infrastructure to serve its global client base.
