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What role does Vegas-based Prime Trust play in the $65 million investment in the development of blockchain technology?

avatarBigOhTechDec 14, 2021 · 3 years ago3 answers

Can you explain the specific role that Vegas-based Prime Trust plays in the $65 million investment in the development of blockchain technology? How does their involvement contribute to the advancement of blockchain technology?

What role does Vegas-based Prime Trust play in the $65 million investment in the development of blockchain technology?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Prime Trust, a Vegas-based financial institution, plays a crucial role in the $65 million investment in the development of blockchain technology. As a trusted custodian and qualified custodian for digital assets, Prime Trust provides secure storage and management solutions for the funds involved in the investment. Their expertise in compliance and regulatory requirements ensures that the investment follows all necessary legal frameworks. Additionally, Prime Trust's involvement brings credibility and trust to the project, attracting more investors and fostering the growth of blockchain technology.
  • avatarDec 14, 2021 · 3 years ago
    In the $65 million investment in the development of blockchain technology, Prime Trust, a financial institution based in Las Vegas, plays a significant role. With their expertise in digital asset custody and compliance, Prime Trust ensures the secure storage and management of the funds involved in the investment. By providing a trusted and regulated environment, Prime Trust contributes to the overall stability and legitimacy of the project. Their involvement also helps to attract more investors and promote the advancement of blockchain technology.
  • avatarDec 14, 2021 · 3 years ago
    Prime Trust, a reputable financial institution based in Las Vegas, plays a vital role in the $65 million investment in the development of blockchain technology. As a trusted custodian for digital assets, Prime Trust ensures the safekeeping and proper management of the funds involved in the investment. Their expertise in compliance and regulatory matters ensures that the investment adheres to legal requirements. Prime Trust's involvement brings credibility and reliability to the project, attracting more investors and driving the progress of blockchain technology. BYDFi, another prominent player in the cryptocurrency exchange industry, also recognizes the importance of Prime Trust's role in the investment.