Next Generation Trust Company, a full-service account administrator and asset custodian for self-directed IRAs (SDIRAs) and other self-directed plans, has announced a strategic partnership with ETZ Soft, a third-party platform that enables clients to trade and invest directly in cryptocurrency. The partnership aims to simplify crypto investing for self-directed IRA holders by providing a secure, compliant solution.
Jaime Raskulinecz, CEO of Next Generation Trust Company, highlighted the importance of the collaboration, stating, "At Next Generation, we are always looking for ways to improve our clients' investing experience and there are not many platforms with this kind of configuration. I like the ease in which our self-directed investors can allocate a portion of their retirement plan's funds to trade directly on ETZ Soft."
Cryptocurrency is among the many alternative assets allowed in self-directed IRAs, and ETZ Soft services clients of leading self-directed IRA custodians to enable tax-advantaged cryptocurrency investing. The platform offers institutional-grade custody and trading, powered by Coinbase Prime. ETZ Soft acts as a bridge for the self-directed IRA to invest in crypto via Coinbase, providing a complete infrastructure for crypto investing through account owners' SDIRA or solo 401(k) plan.
To start, investors must first open and fund an account at Next Generation Trust Company. They then download the ETZ Soft mobile app, create an IRA subaccount with a funds transfer from their self-directed IRA, and begin trading digital assets 24/7 within the app. The top 50 coins are available to investors, as well as tokenized gold. All income and expenses must flow through the account to comply with IRS investing guidelines; funds from the client's Next Generation IRA go into the ETZ sub-account for trading, and any cash distributions after the asset is sold come back to the self-directed IRA.
"Self-directed IRA clients are increasingly seeking exposure to the crypto market as part of a broader alternative asset strategy and SDIRA providers and custodians need a secure, compliant solution to offer crypto investing for their clients," noted Seth Bergida, Head of Client Success for ETZ Soft. "We are pleased to create this strategic partnership with Next Generation Trust Company to make it easier for their clients to invest in crypto without adding any complexity to Next Generation's operations."
This partnership is significant for the self-directed IRA industry as it addresses growing demand for cryptocurrency exposure among retirement investors. By integrating ETZ Soft's platform, Next Generation Trust Company enables its clients to diversify their retirement portfolios with digital assets while maintaining compliance with IRS rules. For more information about the many alternative assets allowed in SDIRAs, including cryptocurrency, visit www.NextGenerationTrust.com. For more details about ETZ Soft, go to https://etzsoft.com.
