2min chapter

Crypto Critics' Corner cover image

Prime Trust, TrueUSD, and Offshore Finance (Feat. Jonathan Reiter and Patrick Tan)

Crypto Critics' Corner

CHAPTER

How to Criticize a Bank or Trust Company

The company had an attestation procedure that listed where their money was held. But 99% of its customers by number don't have access to those facilities and can't use them anyway. So they use first digital in Hong Kong, which has had a lot of their money for a long time. The sister parent company is like a Hong Kong trust company that does wealthy people, offshore fund management.

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