Prime Trust and OK Group have reached an agreement on collaboration, in which OK Group has made a strategic investment in Prime Trust and is executing on several critical blockchain initiatives leveraging Prime Trust technologies and services.

OK Group is a reputed blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications. The Group provides infrastructure services for the blockchain industry.

As a blockchain-based trust company from the US, Prime Trust is licensed by the banking regulatory agency of Nevada, the Financial Institutions Division, to provide a variety of services, including custody, trust, fund processing, anti-money laundering compliance, as well as trading technology, to US and international clients.

OK Group and Prime Trust have signed a strategic investment agreement. The two parties agree to carry out in-depth collaboration on their competitive advantages and jointly launch a new compliment stablecoin OKUSD, which is expected to transfer to a sophisticated public chain OKChain to provide diverse, secure, and stable services to both parties.

Author Scott Purcell

Scott Purcell is the CEO and Chief Trust Officer of Prime Trust, the blockchain-driven trust company. His firm provides trustee, custody, escrow, AML, KYC, payment processing, accounting, and compliance for numerous stablecoins, exchanges, platforms, broker-dealers, investment advisers, portals and others who are building business that are changing the world.