Market Overview

Prime Trust Acquires Crowdfunding Industry Technology Firm, FundAmerica


FundAmerica is the dominant provider of back-office technology for
the crowdfunding industry, and a critical software vendor to Prime
Trust. The symbiotic acquisition enables the unified company to better
scale as it provides technology, compliance and trust services to
portals, broker-dealers, investment advisers and direct issuers who use
the internet to raise funds in compliance with US regulations.

Prime Trust announced today that it has acquired FundAmerica, the
leading technology and back-office software provider to the crowdfunding
industry. With this acquisition the combined company, doing business as
Prime Trust, achieves symbiotic efficiencies for its broker-dealer,
crowdfunding portal, investment adviser, real estate and direct-issuer
customers who are using the internet in their capital raises.

FundAmerica is a multi-million dollar, profitable business with
proprietary software and systems that are focused on serving anyone
using the internet to raise capital. Its technology supports traditional
securities offerings that issue stocks and bonds, as well as those
engaging in the digitalization of securities and assets and issuing
tokens (aka "coins").

Prime Trust identified FundAmerica's securities escrow, AML compliance,
broker-dealer compliance, shareholder management, funds processing and
extensive administration dashboards and API's as key utilities for it to
provide turnkey compliance and custody solutions to the securities
industry, including issuers conducting offerings pursuant to SEC rules
for Reg A, Reg D, Reg S, and Reg CF.

The deal also includes FundAmerica's proprietary Invest Now technology,
which makes it frictionless for brokers, portals and issuers to accept
and process investment transactions with zero friction.

"Our key focus has been to build up Prime Trust's technology edge as we
scale our services to provide securities, token and FIAT custody, funds
processing, AML and KYC compliance, and transaction technology for the
new digital economy," said Scott Purcell, CEO of Prime Trust. "We look
forward to combining our strengths as we work towards our goal to
provide the best-in-class solutions for securities issuers, including
ICO and STO, to seamlessly meet the needs of their offerings, their
advisers, the exchanges and secondary markets."

Financial terms of the acquisition were not disclosed.

Current customers who work with FundAmerica will continue to engage
exactly as they have, but under the Prime Trust brand.

More information about Prime Trusts products and solutions is available

About Prime Trust

Prime Trust is chartered, insured financial institution that as a
"Qualified Custodian" provides token and FIAT custody, funds processing,
AML/KYC compliance, and transaction technology for the new digital
economy. As a blockchain-driven trust company our mission is to provide
ICO and STO issuers with the best-in-class solutions to seamlessly meet
the needs of their offerings and of exchanges and secondary markets.

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