Vertalo, platform that provides registry and compliance services to regulated security tokens, recently announced a strategic collaboration with the Nevada-based firm, Prime Trust. Prime Trust is a company that offers custodial services for both traditional and digital assets. By forming this partnership, the Vertalo network now supports all stages of the securities as well as the smart token lifecycle.
The expansion of the Vertalo network will enable corporate investors looking for dependable custodial storage of their digital assets to access such services, in addition to the inherent functionalities of Vertalo, including registry of ownership and disclosure.
Dave Hendricks, the CEO of Vertalo, was enthused by the partnership with Prime Trust. Dave stated that the paradigm shift from paper and database issuance of traditional securities to digital securities issuance driven by blockchains has compelled firms to invest in first-rate custodial platforms such as Prime Trust. He concluded by saying that the integration of Prime Trust services into the Vertalo network will bolster the efficiency of their services.
As mentioned earlier, Prime Trust stores both traditional and digital assets, including cash, bonds, stocks, cryptocurrencies, and so on. Scott Purcell, the CEO of Prime Trust, was excited about the agreement with Vertalo. Purcell lauded Vertalo as an industry trailblazer regarding the future of cash and securities.