Prime Trust launches Prime Liquidity, API based liquidity for crypto

By Pavithra R

Prime Trust, an innovative open-banking financial solutions provider, has announced the launch of Prime Liquidity, a turnkey API-based liquidity engine that enables any FinTech app to buy, sell, and hold cryptocurrency.

Prime Liquidity trades on a riskless principal basis, providing liquidity to clients directly on a non-disclosed basis. Prime Trust does not itself operate as a crypto exchange or act as a broker, which enables the company to focus on the security and integrity of the trade settlements and custody.

“As the leader in the financial infrastructure space, we feel a strong calling to leverage our industry-leading compliance, payments, and proprietary core software platform to make it easy for fintech innovators to add crypto as an asset to their products. With Prime Liquidity, next-generation financial service apps like Swan are able to integrate cryptocurrency buying, selling, holding and sending capabilities seamlessly into their own web, mobile, and API applications. The offering is fully turn-key and easy to integrate so our clients can focus on the core of their business. We’re proud to offer security and liquidity through our new service and help companies further enhance their users’ crypto experience,” said Kevin Lehtiniitty, Chief Product Officer at Prime Trust.

Prime Liquidity is fully compliant and easy to integrate and offers the security and liquidity business require to offer users better crypto experience. Combined with Prime Custody and Prime Rails, Prime Liquidity enables companies to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications. Swan Bitcoin, an automated Bitcoin-only investing app, is the first partner to use Prime Liquidity and seamlessly added Bitcoin buying and selling to their platform.

“We are thrilled to collaborate with Prime Trust in this venture and have seen real value in using their new service. The Prime Trust solution is turnkey and simple to integrate into our applications. Prime Liquidity offers our users the security and liquidity they need for an impactful trading experience so we can focus on other important aspects of our business,” said Cory Klippsten, CEO of Swan Bitcoin.

Recently, Prime Trust launched PrimeCore, proprietary core banking software.

Founded in 2013 as an escrow company, Prime Trust is a technology-driven trust company modernizing financial infrastructure and packaging it into easy to use APIs and widgets.