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Prime Protocol
Decentralized multi-blockchain prime brokerage
- 1-20 employees
- Fintech
- B2C
- Cryptocurrency
- Lending
- Financial Services
- Blockchain
- Franklin, TN
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Company mission
Prime Protocol believes the future is multi-chain, and DeFi needs new financial primitives to increase capital efficiency. So, it's building the first natively cross chain prime brokerage.
Our take
Prime Protocol is building a cross chain loan brokerage which allows users to borrow against their entire portfolio, no matter the native chain.
The rise of so many currencies and exchange platforms is a good thing overall, but the Layer 1 Blockchain network has become fragmented as a result, thus capital efficiency is nowhere nearly as powerful as it could be.
After all, the current infrastructure only allows lending and borrowing in a single blockchain ecosystem. Therefore, Prime Protocol’s work could signal an important development in the DeFi space.
It’s still very early days for the company having only launched in 2021. However, the fact that it has already been backed by Arrington Capital and struck up partnerships with well-funded crypto disruptors Moonbeam Network and Axelar bodes well for the future.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (1 round)
Mar 2022
$2.8m
SEED
Total funding: $2.8m
Leadership
Colton Conley
(CEO)Former Software Engineer at Golden Oak Venture Fund, Analyst at J.P. Morgan, Trader at Citadel, and Cryptocurrency Research Assistant at Yale University's Economics Department.