PrimeTrust is a qualified custodian and a regulated financial institution. The company not only works with paper money but also covers many other traditional assets. It is a third-party company based on blockchain technology. PrimeTrust meets the standard KWC qualifications that allow you to maintain alternative assets. It is possible that Stellar has been improved when the company announced that it relied on the Stellar Blockchain will be added to its list of custody tokens.
The blockchain industry desperately needs the best, so this Prime Trust move will be a turning point that will boost the industry. The company already has the permission of the Securities and Exchange Commission to save these tokens, and that’s good. The goal of PrimeTrust is to provide all its customers with the latest technology services. The clients of the company include brokers, exchanges, portals, investment advisors, stablecoins, etc. The ERC-20 chips based on PrimeTrust Ethereum were cataloged not long ago.
What is the main problem in the digital economy?
In the cryptocurrency industry, it is possible to provide a variety of services to individuals, institutional investors and brokers. Token owners face storage. Many token owners need to move their tokens from one wallet to another from time to time, making them vulnerable to cyber attacks. Due to the lack of availability of refrigerated warehouses and qualified custodians, the storage of chips was not very convenient in the past. This not only makes them vulnerable to attacks, but also increases the risk of theft, inheritance, legal problems and other losses. PrimeTrust wants to change everything for Stellar. People who have Stellar-based tokens can conveniently protect their tokens. You will receive regular reports in a single account.
The official statement from the PrimeTrust Product Manager, Kevin Lehtiniitty, shows that the company has decided to add Stellar because it believes that Stellar Blockchain has great potential. He said that Stellar Blockchain has become one of the fastest growing blockchains in the industry. It became the favorite for digital assets and decomposed token values. According to Lehtiniitty, Stellar suddenly became popular due to its speed and distinctive character. He said that PrimeTrust strategically stellar to expand his business.