In a major development for the fintech and digital asset infrastructure space, Prime Trust has secured over $107 million in Series B funding. This significant capital injection positions the company as a dominant force in powering innovation across cryptocurrency, wealth management, and decentralized finance (DeFi) ecosystems.
Backed by industry heavyweights including FIS, Fin Capital, Mercato Partners, and Kraken Ventures, among others, Prime Trust is set to accelerate its product development, enhance platform security, and expand into high-growth financial offerings such as Crypto IRAs and staking solutions.
Strategic Funding to Fuel Innovation and Market Expansion
The latest round brings Prime Trust’s total funding to more than $170 million, underscoring strong investor confidence in its mission to provide secure, compliant, and scalable financial infrastructure for fintech innovators.
Investors participating in the Series B include:
- FIS
- Fin Capital
- Mercato Partners
- Kraken Ventures
- Commerce Ventures
- William Blair & Company
- Decasonic
- University Growth Fund
- Gaingels
- GateCap Ventures
- Seven Peaks Ventures
Rob Lee, President of FIS Impact Ventures, emphasized the strategic alignment:
"FIS believes strongly in fostering a culture of innovation within our organization as well as within the broader fintech community. Investing in an emerging leader in the Web 3 space is just one of the many ways FIS is accelerating fintech innovations for organizations of all sizes."
With this partnership, Prime Trust gains not only capital but also operational expertise from established financial institutions—key for scaling complex regulatory and technical systems.
Launching Next-Gen Financial Products
A core focus of the new funding will be expanding Prime Trust’s suite of financial products designed to bridge traditional finance with digital assets.
Crypto IRAs: Unlocking Retirement Wealth in Digital Form
One of the most anticipated launches is the Prime Trust Crypto IRA, the first IRA solution offering seamless, single API integration. As retirement assets in the U.S. reach $37.5 trillion, demand for crypto-enabled retirement accounts is surging.
Wealth managers and Registered Investment Advisors (RIAs) are increasingly seeking compliant ways to offer digital assets to clients. Prime Trust’s Crypto IRA meets this demand head-on by simplifying compliance, custody, and reporting—all through an automated infrastructure layer.
Staking and Tokenized Products: Building the Future of Ownership
Prime Trust is also advancing its support for:
- Staking products – Enabling users to earn yield on digital assets securely
- Tokenized assets – Facilitating fractional ownership and peer-to-peer transfer of real-world assets without intermediaries
These offerings tap into growing trends in decentralized finance and asset tokenization, where blockchain technology is redefining how value is stored, shared, and traded.
Strengthening Platform Security and Scalability
As cyber threats evolve and regulatory scrutiny increases, Prime Trust is making substantial investments in platform resilience.
Key initiatives include:
- Migrating to a cutting-edge cloud architecture for improved scalability
- Implementing Zero Trust security models to protect data and transactions
- Maintaining bank-grade compliance standards, including SOC 2 Type 2 and ISO/IEC 27001:2013 certifications
Rodrigo Vicuna, CFO of Prime Trust, highlighted the company’s momentum:
"Prime Trust has continued to hit hyper growth this past year despite market volatility. With the company doubling revenue for four consecutive years, investor enthusiasm continues to outpace expectations."
This consistent growth reflects strong product-market fit and increasing reliance on Prime Trust’s infrastructure by major players like Swan, Abra, Dapper Labs, and Binance US.
Trusted Infrastructure Powering Global Fintech Innovation
Prime Trust serves nearly 700 fintech and digital asset clients, providing them with plug-and-play solutions that streamline backend operations. Its comprehensive API suite includes:
- Fiat rails for seamless on/off-ramping
- Wallet technology and custody solutions
- Compliance and KYC/AML tooling
- Regulatory reporting frameworks
By handling complex financial plumbing, Prime Trust enables startups and enterprises alike to focus on user experience, product innovation, and market expansion—without building financial infrastructure from scratch.
👉 See how modern fintech companies are reducing time-to-market with integrated financial APIs.
2022 Milestones: Recognition and Growth
In the first half of 2022 alone, Prime Trust achieved several notable accomplishments:
- Launched beta version of its Crypto IRA in June, with full rollout expected in Fall 2022
- Earned SOC 2 Type 2 and ISO/IEC 27001:2013 certifications—gold standards in data security
- Named to the CB Insights Blockchain 50 list for 2022
- Achieved Great Place to Work Certification™
- Recognized by Forbes as one of America’s Best Startup Employers 2022
These accolades reflect both technical excellence and strong company culture—critical factors in attracting top talent and long-term client trust.
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Frequently Asked Questions (FAQ)
Q: What is Prime Trust’s main business?
A: Prime Trust provides financial infrastructure for fintech and digital asset companies through APIs that enable banking, compliance, custody, and payment services—all built to scale securely and comply with regulations.
Q: Who are Prime Trust’s investors?
A: Key investors include FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, and several growth-focused venture funds.
Q: What is a Crypto IRA?
A: A Crypto IRA allows individuals to hold cryptocurrencies like Bitcoin or Ethereum within a tax-advantaged retirement account. Prime Trust offers the first fully API-integrated solution for providers looking to offer this service.
Q: How does Prime Trust support tokenization?
A: Prime Trust enables the issuance, custody, and management of tokenized assets—such as real estate or private equity—by providing compliant backend infrastructure that supports ownership transfer and regulatory reporting.
Q: Is Prime Trust regulated?
A: Yes. Prime Trust is regulated by the State of Nevada Department of Business & Industry Financial Institutions Division, ensuring adherence to strict financial and compliance standards.
Q: What makes Prime Trust different from other fintech platforms?
A: Unlike general-purpose platforms, Prime Trust specializes in deep integration with digital asset ecosystems while maintaining bank-grade security, compliance, and scalability—making it ideal for crypto-native firms and fintech innovators.
Looking Ahead: Building the Backbone of the Digital Economy
Since its Series A round in July 2021, Prime Trust has made strategic hires, expanded into new market segments, and optimized internal systems for maximum efficiency. The new capital will further fuel these efforts, enabling deeper investment in product development and global client support.
William Blair served as exclusive financial advisor, while Cooley LLP provided legal counsel during the Series B transaction.
As adoption of digital assets accelerates worldwide, companies like Prime Trust play a critical role in bridging legacy financial systems with next-generation technologies. By empowering innovators with reliable, compliant tools, Prime Trust is helping build a more accessible, efficient, and inclusive financial future.