Next Generation Trust Company and ErisX Announce Management Relationship to Streamline Cryptocurrency Investment Process for Self-Directed IRA Owners | news
ROSELAND, NJ, July 30, 2021 / PRNewswire-PRWeb / – Jaime Raskulinecz, CEO of Next Generation Trust Company, announced that her company has entered into an administrative relationship with ErisX, an exchange that offers crypto spot and US regulated futures. The relationship will allow Next Generation clients to diversify their bond portfolios by investing in crypto assets such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash without having to open an IRA LLC. These retirement accounts, better known as self-managed IRAs, enable a wide range of alternative assets such as real estate, private equity, hedge funds, notes, precious metals, and cryptocurrencies.
“Up until that point, after opening their accounts, our customers had to set up a newly formed LLC to take control of these digital assets. But with this new option, investors can now invest in cryptocurrencies directly via a regulated, secure and transparent exchange. “Said Raskulinecz. “While customers can still form an LLC if they wish, this is no longer necessary with these self-directed investments on ErisX.” Next Generation has listed ErisX as a professional resource on their website, which also provides more information and training on cryptocurrency trading.
Through self-directed IRAs, investors make all of their own investment decisions and are able to include many unlisted alternative assets in their retirement plans. This gives them more control over their investment returns, offers protection against stock market volatility, and offers the same tax benefits as investing with a retirement account.
Next Generation supports self-directed investors with account management and transaction processing through Next Generation Services and asset custody through the Next Generation Trust Company.
“We offer access to crypto trading and investments on an exchange that meets the demanding standards of traditional commodity markets,” said Thomas Chippas, CEO of ErisX. “Next generation clients can open an account in a few simple steps and access our world-class exchange to diversify their IRA investments.”
Next Generation and ErisX jointly hosted an educational webinar on investing in cryptocurrency 17th of June; it is available on request at https://bit.ly/375VMQp.
For more information on self-governance as a strategy for building wealth in retirement, please visit http://www.NextGenerationTrust.com. To learn more about including cryptocurrency in a self-directed IRA with ErisX, visit https://www.erisx.com.
About the next generation
Based on the philosophy that everyone should be in control of their own retirement plans, Next Generation Trust Company educates consumers and professionals about self-directed retirement plans and non-traditional investments, a strategy that used to be reserved for the very wealthy. As the custodian of self-directed retirement plans, it is a trust company operating in. Founded South Dakota. The sister company Next Generation Services provides comprehensive account management and transaction support, with the Next Generation Trust Company acting as the custodian for all accounts. Next Generation’s neutral third-party vendors expertly guide clients and their trusted advisors as part of their white glove, personalized service for a seamless transaction experience from start to finish. Reach Next Generation by phone at 888.857.8058 or by email at [email protected] More information is available at http://www.NextGenerationTrust.com.
ErisX offers crypto spot and US regulated futures markets without sacrificing security, transparency or the benefit of market oversight. ErisX’s spot market supports Bitcoin, Bitcoin Cash, Ether, Litecoin and USDC. ErisX borrows building blocks from the traditional capital markets and ensures that appropriate security protocols are in place to best protect members and further strengthen trust in the crypto markets. ErisX Futures are offered through Eris Exchange, LLC, a Designated Contract Market (DCM) registered with the Commodity Futures Trading Commission (CFTC) and Eris Clearing, LLC, a registered Derivatives Clearing Organization (DCO). The CFTC has no supervisory authority over virtual currency products, including spot market trading in virtual currencies. ErisX Spot Market is not licensed, approved, or registered with the CFTC, and transactions on the ErisX Spot Market are not subject to CFTC rules, regulations, or government regulatory agencies. The ErisX Spot Market may be subject to certain state licensing provisions and is operated in NY under the license from Eris Clearing to conduct business in virtual currencies by the New York State Financial Services Department. https://www.erisx.com/disclaimer/
Jaime Raskulinecz, Next Generation Trust Company, +1 973-533-1880, [email protected]
Caryn Starr-Gates, StarrGates Business Communications, 201-791-4694, [email protected]
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