LAS VEGAS–(BUSINESS WIRE)–The Prime Exchange Network (“PrimeX™”), recently launched in private beta, is a fast, secure, and easy API-driven, GraphQL enabled service to transfer any asset between Prime Trust account holders in real-time, 24 hours a day, 7 days a week, 365 days a year.
PrimeX™ is quickly being adopted by industry-leading exchanges, OTC desks, market makers, stablecoins, and traders – giving Prime Trust account-holders the ability to form counterparty relationships in real-time to affect and settle transactions in fiat and crypto assets.
Today, Trust Token joins PrimeX, allowing Prime Trust account holders who have been on-boarded by Trust Token to make FIAT transfers 24/7 to mint and redeem their stablecoin both through Prime Trust’s online interface and through the Prime Trust API.
“We’re very excited to welcome Trust Token to PrimeX with their TrueUSD (TUSD), TrueGBP (TGBP), TrueAUD (TAUD) and TrueCAD (TCAD) products,” said Kevin Lehtiniitty, Chief Product Officer at Prime Trust. “The Prime Exchange Network was built to be the best-in-class settlement network offering multiple currencies and digital assets all in the same platform. Unlike other settlement networks, unique to PrimeX is its ability to transfer multiple currencies and digital assets–not just USD. Our early clients like Trust Token have been instrumental in shaping our product into what it is today.”
“We are excited about Prime Trust’s progress since we began working with them,” said Rafael Cosman, Co-Founder/CTO at TrustToken. “Our most consistent request from clients has been for faster settlement times on TUSD creations and redemptions, so we’re thrilled to be adding nearly instant options with PrimeTrust. We hope that we will continue to grow with Prime Trust and are proud to partner with them for TUSD, TGBP, TCAD, and TAUD.”
About Prime Trust:
Prime Trust is a Nevada chartered trust company that, as a technology-driven financial institution provides B2B custody, escrow, compliance, fiat processing, transaction software and other services. Prime Trust’s customers include crowdfunding portals, broker-dealers, investment advisers, crypto exchanges, securities ATS, real estate syndicators, financial institutions, and next-generation financial application innovators. Prime Trust sets the industry standards for custody, fiat processing, escrow and KYC & AML compliance with its seamless API technology infrastructure which automates these processes. For more information, please visit www.primetrust.com. To learn more about PrimeX, please visit www.primetrust.com/primex.
TrustToken is creating a more efficient and inclusive global financial system by digitizing assets that can be seamlessly and securely exchanged across liquid markets worldwide. TrueUSD (TUSD), a stablecoin redeemable 1-for-1 for U.S. dollars and the industry’s pioneer in using third-party trust companies and independent accounting firms, is the first product on TrustToken’s platform. TUSD offers the transparency, liquidity, and redeemability required in the crypto- economy, and it has the most traded of all fully-collateralized and independently validated stablecoins. For more information, visit www.trusttoken.com.
VP of Marketing