OTCXN Signs Prime Trust for Crypto Custodian Service

[kreslik.news]

Institutional blockchain trading platform OTC Exchange Network (OTCXN) has onboarded with SEC-regulated custodian Prime Trust, a move that could help the hybrid platform bring in more users.

According to a joint statement, the Nevada trust company will provide custody for trading venues that use OTCXN technology, and is looking to facilitate clearing and settlement of OTC block trades.

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Prime Trust is already famous at the blockchain space thanks to its back-office solutions. The company began its Bitcoin storage service in July, and then added support for Ethereum and ERC-20 tokens.

In simple terms, a ... (read more)