{"id":63331,"date":"2022-06-23T08:50:39","date_gmt":"2022-06-23T05:50:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63331"},"modified":"2025-09-05T23:26:06","modified_gmt":"2025-09-05T20:26:06","slug":"prime-trust-raises-107-million-to-expand-crypto-custody-business","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/prime-trust-raises-107-million-to-expand-crypto-custody-business\/","title":{"rendered":"Prime Trust raises $107 million to expand crypto custody business"},"content":{"rendered":"<p>Prime Trust, a provider of infrastructure solutions in fintech and digital assets, has raised $107 million in a Series B round, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/emerging-fintech-market-leader-prime-trust-raises-over-100m-in-series-b-funding-to-expand-into-new-offerings-301573003.html\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>.<\/p>\n<p>Investors include FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, Gaingels, GateCap Ventures, Seven Peaks Ventures and others.<\/p>\n<p>The proceeds will be used to support existing offerings and to develop new solutions, including DeFi and Web3 products.<\/p>\n<p>The company will also invest in launching Prime Trust Crypto IRA, enabling clients to invest retirement funds in crypto assets.<\/p>\n<p>In 2018, Prime Trust announced its entry into the crypto custody market.<\/p>\n<p>Last year, as part of a Series A round, the company <a href=\"https:\/\/forklog.com\/en\/news\/prime-trust-a-nevada-based-crypto-custodian-and-fintech-infrastructure-provider-raises-64-million-to-scale-the-business\">raised $64 million<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Trust, a provider of fintech and digital-asset infrastructure, raised $107 million in a Series B round.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,2226],"class_list":["post-63331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-prime-trust"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=63331"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63331\/revisions"}],"predecessor-version":[{"id":63332,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63331\/revisions\/63332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}