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by jaclaz 1590 days ago
> Prime Trust, a Nevada trust bank

From the little I can understand this is offering something like a "backbone" to new fintech companies via some API, definitely with some crypto-coin-related stuff, but also allowing "normal" money accounts:

https://www.primetrust.com/

The "about" page:

>What we do

>The one-stop shop for fintech innovation

>Prime Trust’s APIs and widgets power the world’s leading crypto exchanges, NFT creators, digital wallets, Alternative Trading Systems, RIA platforms, broker dealers, crowdfunding platforms, and neobanks.

though it is not clear (to me) how the actual custody works, from their help/FAQs:

https://support.primetrust.com/hc/en-us/articles/44102221908...

>Does Prime Trust offer $130m in FDIC insurance total or $250k in FDIC insurance per account?

>Prime Trust is not an FDIC-insured entity but does work with FDIC-insured banks only. To learn more about FDIC insurance, go to https://www.fdic.gov/resources/deposit-insurance/