Next Generation Trust Company, a custodian of self-directed retirement plans, has announced a strategic partnership with ETZ Soft, a platform that enables clients to trade and invest directly in cryptocurrency through their self-directed IRAs (SDIRAs). The partnership aims to simplify crypto investing for retirement savers while maintaining IRS compliance.
Jaime Raskulinecz, CEO of Next Generation Trust Company, emphasized the importance of this collaboration. '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,' Raskulinecz said. '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.'
Self-directed IRAs allow a wide range of alternative assets, including cryptocurrency. However, until now, investing in crypto through an SDIRA often required complex steps. ETZ Soft acts as a bridge, enabling investors to use funds from their Next Generation IRA to trade on the platform, with institutional-grade custody and trading powered by Coinbase Prime.
The process is straightforward: investors first open and fund an account at Next Generation Trust Company. They then download the ETZ Soft mobile app, create an IRA subaccount, transfer funds from their self-directed IRA, and begin trading digital assets 24/7. The platform offers access to the top 50 coins, as well as tokenized gold.
'Self-directed IRA clients are increasingly seeking exposure to the crypto market as part of a broader alternative asset strategy,' said Seth Bergida, Head of Client Success for ETZ Soft. 'SDIRA providers and custodians need a secure, compliant solution to offer crypto investing for their clients. 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.'
Importantly, all income and expenses must flow through the self-directed IRA to comply with IRS guidelines. When a client trades crypto on ETZ, funds must come from the client's Next Generation IRA into the ETZ sub-account. Any cash distributions after selling the asset return to the self-directed IRA.
This partnership addresses a growing demand among retirement investors for exposure to digital assets. By integrating ETZ Soft's platform, Next Generation provides a compliant and secure way for clients to diversify their retirement portfolios with cryptocurrency. For more information about alternative assets allowed in SDIRAs, visit www.NextGenerationTrust.com. Details about ETZ Soft are available at https://etzsoft.com.
