Next Generation Trust Company, a custodian for self-directed IRAs (SDIRAs), has announced a strategic partnership with ETZ Soft, a platform that enables clients to trade and invest in cryptocurrency directly from their retirement accounts. The collaboration aims to simplify crypto investing within tax-advantaged accounts while ensuring compliance with IRS guidelines.
Jaime Raskulinecz, CEO of Next Generation Trust Company, emphasized the importance of offering clients more investment options. "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," she 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."
ETZ Soft, powered by Coinbase Prime, provides institutional-grade custody and trading for digital assets. It serves as a bridge between self-directed retirement plans and cryptocurrencies, allowing investors to open a subaccount within their SDIRA and trade 24/7. The platform supports the top 50 coins and tokenized gold. "Self-directed IRA clients are increasingly seeking exposure to the crypto market as part of a broader alternative asset strategy," 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."
To use the service, 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 start trading. All income and expenses must flow through the account to comply with IRS rules; when a client trades, funds come from the IRA into the ETZ subaccount, and any cash distributions after selling assets return to the self-directed IRA.
This partnership addresses the growing demand for cryptocurrency exposure among self-directed IRA investors. By integrating ETZ Soft's platform, Next Generation offers a secure and compliant solution without adding operational complexity. For more information about alternative assets allowed in SDIRAs, visit NextGenerationTrust.com. Details about ETZ Soft can be found at etzsoft.com.
