Nevada Regulatory Authority is a company with over $68 million in digital assets. cryptocurrency requested the appointment of a trustee for the Prime Trust, its custodian.
This move is in the hands of the custodian and AUDIO altcoin It has brought with it concerns about the liquidity and security of the assets it controls.
According to a report by Arkham, the Prime Trust’s largest asset is AUDIO, worth $61 million, the native token of Audius, a decentralized music streaming platform. AUDIO accounts for almost 90% of the company’s total crypto assets, among which 245 are worth approximately $7.5 million. Bitcoin (BTC) There is also.
This means that Prime Trust owns approximately 31% of AUDIO’s circulating supply, which could create significant difficulties in liquidating or transferring holdings in an emergency.
Where AUDIO is most liquid is Binance, the world’s largest crypto exchange by volume, with only 3.7 million USD worth of AUDIO traded there in the last 24 hours.
*Not investment advice.
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