Jaime Raskulinecz, CEO of Next Generation Trust Company, announced a strategic partnership with ETZ Soft, a platform that allows Next Generation clients to trade and invest directly in cryptocurrency within their self-directed IRAs. Next Generation is a full-service account administrator and asset custodian for self-directed IRAs and other plans, with cryptocurrency among the alternative assets permitted. ETZ Soft services clients of self-directed IRA custodians to enable tax-advantaged crypto investing, with institutional-grade custody and trading powered by Coinbase Prime.
“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,” said Raskulinecz. “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 acts as a bridge for self-directed IRAs to invest via Coinbase, providing a complete infrastructure for crypto investing through account owners' SDIRAs or solo k plans. Investors must first open and fund an account at Next Generation Trust Company, then download the ETZ Soft mobile app, create an IRA subaccount with a funds transfer from their self-directed IRA, and start trading digital assets 24/7 within the app. The platform offers 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 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.”
In a self-directed IRA, all income and expenses must flow through the account to comply with IRS guidelines. When clients trade in crypto on ETZ, funds must come from their Next Generation IRA into the ETZ sub-account; any cash distributions after selling assets return to the self-directed IRA. This partnership streamlines the process for investors seeking crypto exposure while maintaining compliance.
For more information about alternative assets in SDIRAs, including cryptocurrency, visit NextGenerationTrust.com. Details about ETZ Soft are available at etzsoft.com.
