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Cryptocustodian Prime Trust raises $107M

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 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.

Recall that in 2018, Prime Trus announced its entry into the market of cryptocurrency custodial services.

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

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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