what's Cor Prime?

Cor Prime is a digital asset prime brokerage targeting institutional investors. It provides principal and prime lending services, functioning as a "prime of primes" to channel risk capital from sources like sovereign wealth funds, pension funds, insurance companies, hedge funds, family offices, and crypto treasuries. Funds are lent to vetted counterparties including hedge funds, miners, market makers, exchanges, and other prime brokers, bridging traditional and digital finance ecosystems. The firm emphasizes regulatory compliance and expertise, with leadership including CEO Tim Bevan (formerly of ETC Group) and co-founder Alexander Royle (ex-FCA/ESMA). Pending approvals, it aims to facilitate secure, efficient capital flows in the converging TradFi-crypto landscape.

Cor Prime provided USDC for first institutional stablecoin-for-stablecoin repo on Membrane.