Vertalo, a stakeholder registry and compliance platform for regulated security tokens today announced its latest partnership with Prime Trust, a Nevada Trust Company. Prime Trust offers compliant custody of crypto and traditional assets across all account types.
The partnership between Prime Trust and Vertalo expands Vertalo’s network of providers to encompass all phases of the securities and smart token lifecycle.
This expanded network will allow for institutional investors looking for qualified custodianship of their crypto assets to combine such custodianship with Vertalo’s unique registry of ownership and disclosure platform.
[perfectpullquote align=”full” bordertop=”false” cite=”Dave Hendricks, CEO of Vertalo” link=”” color=”” class=”” size=””]”We are excited about partnering with Prime Trust. As Broker-Dealers and Issuers evolve from traditional paper and database issuance to digital securities issuance secured on public and permissioned blockchains, proper custody of the underlying equity, network, and cryptocurrency tokens will become a necessary component of any offering. Through our partnership with Prime Trust, Vertalo, and its network partners will seamlessly integrate with and access a provider of SEC-approved custodial services.”[/perfectpullquote]
As a trust company, Prime Trust holds cash and non-cash assets such as stocks, bonds, bitcoin, and other cryptocurrencies, tokens, real estate, and private business ownership interests.
[perfectpullquote align=”full” bordertop=”false” cite=”Scott Purcell, CEO and Chief Trust Officer for Prime Trust” link=”” color=”” class=”” size=””]“We are excited to see Vertalo launch as they are at the forefront of the future for cash and securities as well as how real estate will be bought, managed, and sold. We look forward to our technical integration and working to serve both Vertalo and their customers for many years to come.”[/perfectpullquote]