Share this article
Prime Trust, tZERO Partner on Digital Asset Custody, Trading
The integration will enable Prime Trust to manage the custody of digital securities and cryptocurrencies for its customers using tZERO for trading.
Updated May 9, 2023, 3:15 a.m. Published Jan 28, 2021, 3:20 p.m.
Security token trading platform tZERO will integrate technology from Prime Trust, a digital asset finance infrastructure provider, under a new partnership.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to an announcement Wednesday, the integration will enable Prime Trust to manage the custody of digital securities and cryptocurrencies for its customers using tZERO, and further allows its users to trade assets on tZERO ATS, the firm's broker-dealer subsidiary. The agreement is expected to replace tZERO’s own cryptocurrency wallet and reduces reliance on third-party clearing firms, the firms said.
"This will improve the cryptocurrency trading experience through increased buy limits, faster transaction settlement and a seamless process of onboarding new cryptocurrencies, subject to regulatory approvals and launch," according to the announcement.
In other news, tZERO said its broker-dealer subsidiary ZERO ATS has filed a continuing membership application to allow it and broker-dealer affiliates to custody, clear and settle securities transactions. The firm said it's further working to find a way for its broker-dealer subsidiaries to directly custody digital securities without reliance on third parties, following a recent U.S. Securities and Exchange Commission statement.
Read more: Rivals Signature Bank and Prime Trust Team to Offer Instant Payments for Institutions
On Tuesday, Overstock, which founded tZERO, announced it was converting its blockchain-focused Medici Ventures subsidiary into a fund managed by venture capital firm Pelion Venture Partners. After completion, Overstock will have a minority stake in tZERO.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Sberbank issues Russia's first crypto-backed loan to bitcoin miner Intelion Data
Sberbank used its in-house crypto custody tool to back a loan for mining firm Intelion Data, signaling broader interest in crypto lending.
What to know:
- Sberbank issued Russia's first bitcoin-backed loan to a major bitcoin miner, marking a pilot transaction with potential for future expansion.
- The loan utilized Sberbank's crypto custody product, Rutoken, to secure the bitcoin collateral, ensuring asset safety.
- Sberbank is exploring decentralized finance instruments and supports the gradual legalization of cryptocurrencies in Russia.
Top Stories
