BitGo Eyes förvärv av Fintech Infrastructure Provider Prime Trust

• Kryptoförvararen BitGo har meddelat sina avsikter att förvärva fintech-infrastrukturleverantören Prime Trust.
• Vårdnadshavaren uppgav att den har undertecknat ett term sheet med Prime Core Technologies, Inc., moderföretaget till Prime Trust.
• “The combination of Prime Trust and BitGo would be a significant enhancement for the industry,” said Prime Trust’s interim CEO.
• Prime Trust’s API infrastructure and exchange network will “map over 1:1” with the services provided by BitGo.

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Ett populärt kryptoförvaringsinstitut och digitala tillgångstrustbolag med huvudkontor i Kalifornien, BitGo, meddelade den 8 juni att man överväger att förvärva fintech och leverantören av digital tillgångsinfrastruktur Prime Trust och har även undertecknat en icke-bindande avsiktsförklaring med företaget. 

Enligt tjänstemannen påstående on June 8, BitGo has signed a term sheet with the parent company of Prime Trust, Prime Core Technologies, Inc., and aims to bring “business continuity, long-term stability, and regulated, secure solutions to valued Prime Trust clients.” 

Prime Trust’s Interim CEO and President, Jor Law, noted that “the combination of Prime Trust and BitGo would be a significant enhancement for the industry,” while adding: 

“No other company will have the breath of product and services nor depth of experience that this combined company would have. We are excited to offer our world-class infrastructure within a broader ecosystem and revolutionize the future of crypto.”

BitGo also added that the acquisition of 100% of the equity of Prime Trust will make it “the first global digital asset company to provide a full suite of solutions for institutions and fintech platforms.” The crypto custodian will gain additional banking partners and payment rails, crypto IRA, and additional wealth management offerings.

It was also revealed that Prime Trust’s Nevada Trust Company will officially join the custodian’s existing network of trust firms regulated by authorities in South Dakota, New York, Germany, and Switzerland if the deal goes through. The financial details of the deal between BitGo and Prime Trust remain under wraps.

The fintech infrastructure provider’s API infrastructure and exchange network will “map over 1:1” with the services provided by BitGo, including custody, liquidity, settlement, and compliance capabilities. 

“With the expected acquisition of Prime Trust, BitGo is well positioned to enhance its best-in-class, trusted solutions and to service the combined customer base,” said Mike Belshe, CEO and Co-Founder of BitGo. 

Kryptoförvaring håller på att bli en populär tjänst bland företag med digitala tillgångar, och som tidigare rapporterats av Bitnation tillkännagav företaget bakom XRP-krypteringsvalutan, Ripple, förvärvet av Metaco, en Schweizbaserad förvaringsinstitut för digitala tillgångar, för cirka $250 miljoner.

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