April 22, 2025
Blockchain

Cryptocustodian Prime Trust raises $107M to grow business

  • June 23, 2022
  • 0

Fintech and digital asset infrastructure provider Prime Trust has raised $107 million in a Series B funding round, according to a press release. Investors include FIS, Fin Capital,

Fintech and digital asset infrastructure provider Prime Trust has raised $107 million in a Series B funding round, according to a press release.

Investors include FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, Gaingels, GateCap Ventures, Seven Peaks Ventures and others.

The company will use the funds raised to support existing solutions and develop new solutions, including DeFi and Web3 products.

The firm will also invest in the launch of the Prime Trust Crypto IRA, which will allow clients to invest in crypto assets into retirement funds.

Recall that in 2018 Prime Trus announced its entry into the crypto custody services market.

Last year, the company raised $64 million in a Series A funding round.

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Source: Fork Log

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