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Prime Trust

Prime Trust

Prime Trust is a technology-driven trust company unlike anything else in existence. We are doing to the traditional trust industry what Paypal did to merchant processing; completely disrupting it by writing software that brings services to the masses and that business partners can build on top of. As a chartered, regulated financial institution we are overseen by the banking commissioner's office at the Financial Institutions Division. As a trust company we hold cash and non-cash assets such as stocks, bonds, Bitcoin and other cryptocurrencies, tokens, real estate, and private business ownership interests. We act as custodian and trustee for a wide variety of personal and corporate trusts, as well as a major part of the crowdfunding industry, and work with individuals, corporations, lawyers, brokers, investment advisers and others on holding and managing specialized custodial, escrow and trust services. Our team has deep experience in all facets of trust operations, banking, securities regulations, and governmental affairs, and we have our own team of full-time, in-house, security-vetted engineers. Together we deliver world class solutions and services to individuals and corporations of all sizes to keep them protected. Member, American Bankers Association and Nevada Trust Company Association.

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Timeline

June 22, 2022
Prime Trust raises a $107,000,000 series B round from FIS.
July 29, 2021
Prime Trust raises a $64,000,000 series A round from Ayon Capital, Commerce Ventures, Diverse Angels, Kraken Ventures, Mercato Partners, Nationwide Ventures, Nevcaut Ventures, STCAP, Samsung NEXT, Seven Peaks Ventures, University Growth Fund and s20 Capital.
May 2018
Prime Trust raises a $1,000,000 series A round.
May 2017
Prime Trust raises a $2,000,000 series A round.
May 2016
Prime Trust raises a $2,000,000 seed round.

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

References

primetrust.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Finance
Finance
Asset management
Asset management
Decentralized Finance
Decentralized Finance
Technology
Technology
Financial technology
Financial technology
Location
Henderson, Nevada
Henderson, Nevada
Las Vegas
Las Vegas
Summerlin, Nevada
Summerlin, Nevada
Nevada
Nevada
Founder
Scott Purcell
Scott Purcell
Pitchbook URL
pitchbook.com/profiles...180437-68
Legal Name
Prime Trust LLC
Number of Employees (Ranges)
250 – 499
Number of Employees
281
Full Address
330 South Rampart Boulevard Suite 260 Summerlin, NV 89145 United States
Investors
Struck Capital
Struck Capital
Samsung NEXT
Samsung NEXT
Mercato Partners
Mercato Partners
Commerce Ventures
Commerce Ventures
Seven Peaks Ventures
Seven Peaks Ventures
University Growth Fund
University Growth Fund
Nationwide Ventures
Nationwide Ventures
‌
Ayon Capital
...
Founded Date
April 10, 2016
Email Address
info@primetrust.com
Total Funding Amount (USD)
176,000,000
112,000,000
Latest Funding Round Date
June 22, 2022
February 2023
Competitors
CG Blockchain
CG Blockchain
APPi
APPi
Zero Hash
Zero Hash
Coinbase Custody
Coinbase Custody
Latest Funding Type
Series B round
Series B round
‌
Series C round
Wellfound ID
prime-trust

Other attributes

Country
United States
United States
Company Operating Status
Active
Latest Funding Round Amount (USD)
107,000,000
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