Building Through the Bear Market
Crypto infrastructure leader Prime Trust has secured $107 million in Series B funding to accelerate development of its crypto retirement and asset tokenization solutions. Despite current market conditions, the Las Vegas-based company is doubling down on product expansion.
Key Developments:
- Funding Utilization: Capital will fuel crypto IRA products and tokenized asset infrastructure
- Strategic Partnerships: Existing collaborations include Swan Bitcoin's IRA platform
- Market Positioning: Prepares for anticipated growth in tokenized securities and alternative assets
Crypto Retirement Solutions Gain Traction
Prime Trust's retirement-focused products arrive as institutional interest in crypto IRAs grows. CFO Rodrigo Vicuna notes the company has been preparing for this expansion since late 2021, with funding rounds strategically timed for market conditions.
"Bear markets present the ideal building environment," Vicuna emphasized. "We're investing in critical infrastructure to support client scaling."
The Tokenized Asset Frontier
Prime Trust is positioning itself as a leader in the emerging tokenized assets space, including:
- Securities
- Real Estate
- Digital Collectibles
The company's 2018 acquisition of FundAmerica laid groundwork for security token infrastructure, having facilitated $3 billion in capital raises to date.
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FAQ: Understanding Prime Trust's Expansion
Q: How will Prime Trust use its $107M funding?
A: Primarily for developing crypto IRA products and expanding tokenized asset capabilities.
Q: What makes Prime Trust competitive in crypto retirement?
A: Existing partnerships and infrastructure give them first-mover advantage in institutional-grade solutions.
Q: Why focus on tokenization now?
A: Major financial institutions increasingly view tokenization as the future of asset management and trading.
Looking Ahead
While declining to disclose valuation, Vicuna confirmed the company remains open to strategic acquisitions. Prime Trust's roadmap reflects confidence in long-term crypto adoption across traditional finance sectors.
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The company's bear market strategy underscores crypto infrastructure's growing role in bridging digital and traditional finance. With this funding, Prime Trust aims to cement its position as a leader in both crypto retirement products and the tokenized asset revolution.