Prime Trust is an American financial services company based in Summerlin, Nevada.
History
Prime Trust was founded in 2016.[1]
In 2020, Prime Trust gave €40,930 to the Future of Life Institute.[2]
2022 presidential 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 Democratic Party of Oregon which was subsequently revealed to have been on behalf of Singh.[6]
Clients
Prime Trusts' clients include:[7][8]
- Abra
- Augeo
- Binance US
- Okcoin
- Onramp Invest
- Swan Bitcoin
- TrustToken
Investors
Organizations invested in Prime Trust include:[9][10][11][12]
- Auria Capital
- Ayon Capital
- Central Capital Ventura
- Commerce Ventures
- Decasonic
- Diverse Angels
- Fin Capital
- 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
External links
Prime Trust. YouTube. Retrieved January 8, 2023, from http://archive.today/2023.01.08-003841/https://www.youtube.com/@primetrustco/about ↩︎
Future of Life Institute. (2022, January 20). Europa Transparency Register. http://archive.today/2022.12.10-070114/https://ec.europa.eu/transparencyregister/public/consultation/displaylobbyist.do?id=787064543128-10 ↩︎
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 ↩︎
Sutton, S., & Montellaro, Z. (2022, April 19). Revealed: The $14M mystery behind a new crypto super PAC. Politico. http://archive.today/2022.11.17-184213/https://www.politico.com/news/2022/04/19/crypto-super-pac-campaign-finance-00026146 ↩︎
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. http://archive.today/2023.01.08-002031/https://www.oregonlive.com/politics/2022/12/state-investigation-of-former-ftx-executives-500000-donation-to-democratic-party-of-oregon-passes-one-month-mark.html ↩︎
About Us: Fintech Crypto Solutions. (2023). Prime Trust. http://archive.today/2023.01.08-003551/https://www.primetrust.com/about ↩︎
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.
http://archive.today/2022.06.22-144844/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 ↩︎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 ↩︎
