Prime Trust has just been selected by technology solution Velocity Ledger Financial (VL Financial) as its preferred custodian. The two companies will facilitate the issuance and custody of digital assets, supporting the growth of tokenized assets in the new digital economy. VL Financial has applied for a Digital Asset Business Act (DABA) license to operate a Digital Assets…
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Polymath, the blockchain industry’s first securities token platform, and Prime Trust, an SEC qualified custodian, have announced a partnership that will see Polymath and Prime Trust working together to develop custody solutions for security tokens utilizing the ST-20 standard. Prime Trust is currently capable of providing custody of POLY, an ERC-20 token, and is looking…
Read moreIn an expensive rebuff for the corporate regulator, the Full Court of the Federal Court has overturned findings of liability and penalties against former federal health minister Michael Wooldridge and other directors of the collapsed investment company Prime Retirement and Aged Care Property Trust (Prime Trust). The complex case centred not on the 2010 collapse itself…
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