Prime Trust, a leading financial infrastructure provider, announced on Monday that it had expanded its liquidity pool and platform functionality to offer stability and flexibility for a variety of trading currencies. According to the press release, it also launched a new white-label debit card API program targeting those who use the company’s custody solutions.
The firm expects to grow five times the supply of its liquidity pool, allowing users to have access to more trading pairs and a deeper liquidity pool. “Our mission is to make financial services accessible, affordable, and reliable for our customers and their customers. With this new offering, we’re enhancing the flexibility and stability of digital asset trading and settlement infrastructure. As a FinTech infrastructure provider, we take pride in empowering innovators to make digital assets more accessible to everyone,” Sara Xi, Chief Product Officer at Prime Trust, commented on the announcement.
Moreover, Prime Trust stated that the expanded functionality announced will reduce time to market by 90%. “We believe Bitcoin is the future of money. So, ease of access is essential for our products. Our partnership with Prime Trust allows us to focus on our customers and count on Prime Trust for best execution. We very much look forward to their upcoming liquidity improvement,” Cory Klippsten, CEO of Swan Bitcoin, said.
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White-Label Debit Card
About its white-label debit card API program, the firm noted that it would enable businesses to offer branded debit cards compatible with most digital wallets such as Apple Pay and Google Pay.
Last week, another company, Komainu, a digital asset custody services provider, announced that it has entered into a Memorandum of Understanding (MOU) with Crypto Garage and Nomura, an investment bank giant, to explore providing crypto custody services to institutional customers in the Japanese market. The custody services provider aims to leverage its in-house custody infrastructure with the Japanese institutions.