Prime Trust Raises Over $100M Series B for Crypto Infrastructure

Prime Trust, a provider of financial infrastructure services for fintech and digital asset companies, announced it had raised over $100 million in its Series B funding round. The round attracted notable investors including FIS, a major financial technology company, along with Fin Capital, Mercato Partners, and Kraken Ventures. Prime Trust had established itself as a category leader in infrastructure services powering crypto exchanges, wallet applications, and broker-dealers.

The company's platform provides essential financial rails including custody, compliance, and payments infrastructure for digital asset businesses. With the new funding, Prime Trust planned to expand its offerings into wealth management and Web 3 products. The investment from FIS underscored traditional financial infrastructure giants' interest in crypto and embedded finance capabilities.

The substantial round size reflected strong investor confidence in the crypto infrastructure layer despite broader market headwinds.