Prime Trust, LLC was a crypto and fintech financial-infrastructure and custodial trust company that entered bankruptcy wind-down after Nevada regulators determined it was insolvent. PrimeTrust's Twitter Score is 23 out of 1000 as of July 2026, ranking #48,859 (top 10%) among 531,432 tracked accounts.
PrimeTrust was founded by Scott Purcell and built an all-in-one platform covering custody, AML/KYC compliance, banking-rail access, crypto liquidity, settlement, and API integration for fintech and digital-asset companies. By the close of 2021, the company held over $3.8 billion in cryptocurrency and fiat assets under custody and had facilitated over $309 billion in fiat-currency movement. In June 2022, PrimeTrust raised over $100 million in a Series B round, bringing total funding to over $170 million.
PrimeTrust had previously been backed by FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures. A proposed merger with BitGo was explored but did not move forward. Nevada regulators petitioned for receivership in June 2023, citing insolvency and unsafe operations, and PrimeTrust filed for Chapter 11 bankruptcy on August 14, 2023. A liquidation plan took effect on January 5, 2024.
PrimeTrust has 4,732 followers as of July 2026 on X and has published 788 posts. PrimeTrust has been mentioned by 115 accounts a total of 271 times.
Who follows PrimeTrust on X?
The accounts that follow PrimeTrust include 85 founders, 8 angel investors, 48 influencers and 5 VCs. Among its notable followers are Laura Shin, CoinDesk, The Block, DEGEN NEWS, Lyn Alden and Matthew Graham.