We now process BTC and ETH transactions!
I’m pleased to announce that we have now released from beta significant enhancements to our investment transaction technology which enables real estate syndicators and securities issuers to accept funds from investors in the form of Bitcoin and Ethereum, frictionlessly and with zero crypto-market risks to the syndicator or issuer. This lets holders of cryptocurrencies to easily invest in real estate, crowdfunding, and other private securities offerings without having to go through the cumbersome and often confusing process of liquidating tokens and then wiring funds in USD to the issuer’s escrow account at Prime Trust.
Our real estate syndicators, crowdfunding portals, 506b/c platforms, brokers and direct-issuers can now accept investments with practically no friction, regardless of whether the investor is remitting funds to escrow via wire, ACH, check, credit card, Bitcoin or Ethereum.
How it works:
Our standard escrow business for the securities and real estate industries has always permitted funds remittance via ACH, wire, check or credit card. Our transaction technology presents the investor with funds delivery instructions specific to the method they chose to send funds.
Bitcoin and Ethereum work the same way. Prime Trusts systems present BTC/ETH delivery instructions, including a unique wallet address and QR code for the specific transaction that looks like this:
Using these straightforward instructions, the investor can easily and securely complete the transaction. Prime Trust’s platform keeps the syndicator or issuer informed by updating the accounting records for the offering to show the investor’s funds have been received, including the net amount, and automatically sends email notifications (customizable by the issuer) to the investor.
Demand for people to be able to use digital currencies as a method of remitting funds for investments they make in real estate, as well as traditional Reg D, Reg A, Reg S, Reg CF and EB5 offerings has been dramatic. After years of leading the crowdfunding and real estate industries with technology-driven escrow, compliance, KYC, AML and other services, adding Bitcoin and Ethereum is a natural extension of what we provide our portal, broker, real estate syndicator, adviser, and direct-issuer customers.
The technology is now out of beta and released for select Prime Trust customers. It is available both via API’s and via the Prime Trust “Invest Now” plug & play transaction engine. It is highly scalable and can be used for both initial (primary) offerings, as well as for escrow and clearance of secondary transactions by exchanges.