Table of Contents
Prime Trust
History
Prime Trust was founded in 2016.1)
In 2020, Prime Trust gave €40,930 to the Future of Life Institute.2)
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.3) 4) However, a spokesperson for Prime Trust clarified that the funds were actually donated on behalf of FTX executives Sam Bankman-Fried and Nishad Singh.5) $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.6)
Organization
Clients
Investors
External links
1)
Prime Trust. YouTube. Retrieved January 8, 2023, from https://archive.ph/BfPKu
2)
Future of Life Institute. (2022, January 20). Europa Transparency Register. https://archive.vn/b4HLQ
3)
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
4)
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
5)
Sutton, S., & Montellaro, Z. (2022, April 19). Revealed: The $14M mystery behind a new crypto super PAC. POLITICO. https://archive.ph/dOiVZ
6)
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
7)
About Us: Fintech Crypto Solutions. (2023). Prime Trust. https://archive.ph/Kvi26
8)
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
9)
Prime Trust - Funding, Financials, Valuation & Investors. Crunchbase. Retrieved January 8, 2023, from https://www.crunchbase.com/organization/prime-trust/company_financials
10)
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/
11)
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
12)
Prime Trust. Dealroom.co. Retrieved January 8, 2023, from https://web.archive.org/web/20230108010830/https://app.dealroom.co/companies/prime_trust