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 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.