Next Generation Trust Company, a full-service account administrator and asset custodian for self-directed IRAs (SDIRAs), has announced a strategic partnership with ETZ Soft, a third-party platform that allows clients to trade and invest directly in cryptocurrency. The partnership aims to simplify crypto investing for self-directed retirement plan holders by providing a seamless, compliant infrastructure.
Jaime Raskulinecz, CEO of Next Generation Trust Company, emphasized the ease of use for investors. "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, offers institutional-grade custody and trading for digital assets. It acts as a bridge between self-directed retirement plans and cryptocurrency markets, enabling investors to open a subaccount within their SDIRA and trade 24/7. The platform supports the top 50 coins and tokenized gold, providing diversification within a tax-advantaged account.
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, transfer funds from their self-directed IRA, and start trading digital assets. All income and expenses must flow through the account to comply with IRS guidelines. When a client sells crypto, cash distributions return to the self-directed IRA.
Seth Bergida, Head of Client Success for ETZ Soft, noted the growing demand for crypto exposure among self-directed IRA clients. "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," he said. "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."
Next Generation Trust Company, chartered in South Dakota, provides white-glove service for self-directed retirement plans, including account administration and transaction support. For more information on alternative assets allowed in SDIRAs, visit NextGenerationTrust.com.
