Prime Trust

https://primetrust.com

https://twitter.com/PrimeTrustCo

cex

Prime Trust (Prime Trust, LLC) — Category: CEX (centralized custody/infrastructure)

Prime Trust was a Nevada-domiciled trust company that provided regulated financial infrastructure for fintech and digital-asset businesses, commonly acting as a custodian and “payment rails” provider that other centralized platforms (including CEX-adjacent apps) embedded into their own products. (go.primetrust.com)

What the company did

Prime Trust positioned itself as a back-end provider for the “digital economy,” offering services typically associated with centralized financial intermediaries, including:

• Custody (holding assets on behalf of customers/partners)
• Payments and settlement infrastructure
• Compliance-oriented tooling for integrators building consumer-facing apps (go.primetrust.com)

Corporate / operational status (key timeline)

• June 26, 2023: Nevada’s Financial Institutions Division petitioned to place Prime Trust, LLC into receivership, citing insolvency concerns and inability to operate safely and soundly. (business.nv.gov)
• July 18, 2023: The Nevada court ordered Prime Trust into temporary receivership pending further proceedings. (business.nv.gov)
• August 14, 2023: Prime Trust, LLC and certain affiliates filed voluntary Chapter 11 petitions (U.S. Bankruptcy Court, District of Delaware). (businesswire.com)
• A public-facing bankruptcy/wind-down information site exists under “Prime Trust Wind Down.” (primetrustwinddown.com)

Website and X (Twitter)

• Website: https://www.primetrust.com/ (the site was not reliably reachable at time of lookup via this environment). ([]())
• X (Twitter): https://twitter.com/PrimeTrustCo (profile content could not be extracted in this environment, but the handle corresponds to the referenced account). (twitter.com)

Notes on categorization (“CEX”)

Prime Trust was not primarily a retail spot exchange in the Coinbase-style sense; rather, it functioned as a centralized custodian/integrated trust-and-payments layer that many consumer-facing platforms relied on—meaning it fits “CEX” most accurately as centralized custody/infrastructure. (go.primetrust.com)