Nevada-Based Prime Trust Releases Real-Time Settlement Network For Cryptos

Prime Trust, a financial institution based out of Nevada has just announced a new product, PrimeX which enables its users to have access t funds they are doing crypto-fiat trading or vice-versa.

Introducing #PrimeX™, The Instant Exchange Settlement Network, That Enables Exchanges And Counterparties To Settle Transactions Instantly In #Fiat & #Crypto 24hrs A Day, 7 Days A Week, 365 Days A Year. https://t.co/Dtj9rb7oQG

— Prime Trust (@PrimeTrustCo) July 25, 2019

Through a network of Smart APIs, PrimeX enables Prime Trust’s institutional and retail clients to immediately move assets between any of their own or another client institution’s or individual’s account.

Prime Trust is a “blockchain-driven trust company” providing solutions to custody cryptocurrency while also providing various compliance solutions including the full stack of private exemptions in the US.

Key features of PrimeX

PrimeX network is fast, safe, and secure. From the moment a user sends asset, it travels safely and directly from their Prime Trust account to the approved counterparty’s Prime Trust account. The company’s verified counterparty policy adds a strong layer of security and protection.

Counterparties must agree that they know each other and want to receive funds and/or assets before any transaction can be completed.

Additionally, they do not charge any fees for making asset transfers through the PrimeX platform, and there is no limit on the value of the asset being transferred.

What People have to Say?

Kevin Lehtiniitty, Chief Product Officer at Prime Trust states:

“PrimeX represents the next generation of settlement networks. Leveraging Prime Trust’s ability to custody a wide variety of assets, the Prime Exchange Network is the world’s first platform for 24/7 settlement of multiple FIAT currencies, as well as digital assets, all in one qualified custodian. This sets a new standard for the industry.

We’re excited to welcome select exchange, stablecoin, and OTC desk partners into the private beta of PrimeX and collaborate on building an industry-defining financial settlement system.”