Crypto Custodian Prime Trust Attracts $107M

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Digital asset infrastructure provider Prime Trust has recently raised $107 million in a Series B funding round.

According to the 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 raised funds raised to support existing 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 pension funds in crypto assets.

Prime Trus announced in 2018 its entry into the market of crypto custodial services.