====== Prime Trust ======

{{ ::prime_trust.jpg?200|}}

**Prime Trust** is an American financial services company based in [[united_states:nevada:Summerlin]], [[united_states:Nevada]].

===== History =====

Prime Trust was founded in 2016.((//Prime Trust.// YouTube. Retrieved January 8, 2023, from https://archive.ph/BfPKu))

In 2020, Prime Trust gave €40,930 to the [[Future of Life Institute]].((//Future of Life Institute.// (2022, January 20). Europa Transparency Register. https://archive.vn/b4HLQ))

==== 2022 election ====

In February and March 2022, Prime Trust gave $14 million to [[Protect Our Future]], a super [[political action committee]] that backed Democratic candidates during the 2022 primary season.((Schwartz, B. (2022, December 19). //How former crypto king Sam Bankman-Fried and friends quietly donated to political groups and relatives.// CNBC. https://web.archive.org/web/20221222201107/https://www.cnbc.com/2022/12/19/how-ftx-founder-sbf-and-friends-quietly-donated-to-political-groups-and-relatives.html)) ((//Schedule A for ALL Line #'s - PROTECT OUR FUTURE PAC.// Federal Election Commission. Retrieved December 26, 2022, from https://web.archive.org/web/20221226175741/https://docquery.fec.gov/cgi-bin/forms/C00801514/1586623/sa/ALL)) However, a spokesperson for Prime Trust clarified that the funds were actually donated on behalf of [[FTX]] executives [[Sam Bankman-Fried]] and [[Nishad Singh]].((Sutton, S., & Montellaro, Z. (2022, April 19). //Revealed: The $14M mystery behind a new crypto super PAC.// POLITICO. https://archive.ph/dOiVZ)) $14 million of the funds were attributable to SBF, while $1 million was from Singh.

Similarly, Prime Trust donated $500,000 to the [[Oregon State Democratic Party]] which was subsequently revealed to have been on behalf of Singh.((Borrud, H. (2022, December 17). //State investigation of former FTX executive’s $500,000 donation to Democratic Party of Oregon passes one-month mark.// Oregon Live. https://archive.ph/2h5a5))

===== Organization =====

==== Clients ====

Prime Trusts' clients include:((//About Us: Fintech Crypto Solutions.// (2023). Prime Trust. https://archive.ph/Kvi26)) ((Prime Trust LLC. (2022, June 22). //Emerging Fintech Market Leader Prime Trust Raises over $100M in Series B Funding to Expand into New Offerings.// PR NewsWire. https://archive.ph/doCwL))

  * [[Abra]]
  * [[Augeo]]
  * [[Binance US]]
  * [[Okcoin]]
  * [[Onramp Invest]]
  * [[Swan Bitcoin]]
  * [[TrustToken]]

==== Investors ====

Organizations invested in Prime Trust include:((//Prime Trust - Funding, Financials, Valuation & Investors.// Crunchbase. Retrieved January 8, 2023, from https://www.crunchbase.com/organization/prime-trust/company_financials)) ((Ramaswamy, A. (2022, June 22). //Prime Trust raises $100M to add IRAs, crypto staking.// TechCrunch. https://web.archive.org/web/20230108005140/https://techcrunch.com/2022/06/22/crypto-fintech-infrastructure-custody-startup-prime-trust-series-b-iras-retirement-staking/)) ((//Prime Trust Company Profile: Valuation & Investors.// PitchBook. Retrieved January 8, 2023, from https://web.archive.org/web/20230108005725/https://pitchbook.com/profiles/company/180437-68#signals)) ((//Prime Trust.// Dealroom.co. Retrieved January 8, 2023, from https://web.archive.org/web/20230108010830/https://app.dealroom.co/companies/prime_trust))

<WRAP column col4>
  * [[Auria Capital]]
  * [[Ayon Capital]]
  * [[Central Capital Ventura]]
  * [[Commerce Ventures]]
  * [[Decasonic]]
  * [[Diverse Angels]]
  * [[Fin Capital]]
  * [[FIS|FIS Global]]
  * [[Gaingels]]
  * [[GateCap Ventures]]
  * [[Kraken Ventures]]
  * [[Mercato Partners]]
  * [[Nationwide Building Society]]
  * [[NevCaut Ventures]]
  * [[OKCoin]]
  * [[s20 Capital]]
  * [[Samsung Next]]
  * [[Seven Peaks Ventures]]
  * [[STCAP]]
  * [[Tagus Capital]]
  * [[University Growth Fund]]
  * [[William Blair]]
  * [[Xsquared Ventures]]
</WRAP>

===== External links =====

  * [[https://www.linkedin.com/company/primetrust/|LinkedIn]]
  * [[https://www.youtube.com/@primetrustco/about|YouTube]]