Next Generation Trust Company, a full-service account administrator and asset custodian for self-directed IRAs, has announced a strategic partnership with ETZ Soft, a third-party platform that enables clients to trade and invest directly in cryptocurrency. The partnership aims to simplify crypto investing within tax-advantaged retirement accounts while maintaining compliance with IRS guidelines.
Jaime Raskulinecz, CEO of Next Generation Trust Company, emphasized the importance of providing clients with secure and efficient access to digital assets. "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 serves as a bridge between self-directed retirement plans and cryptocurrencies, offering institutional-grade custody and trading powered by Coinbase Prime. Investors must first open and fund an account at Next Generation Trust Company, then download the ETZ Soft mobile app to create an IRA subaccount and transfer funds from their self-directed IRA. The app provides 24/7 access to trade the top 50 coins and tokenized gold.
The partnership addresses a growing trend among self-directed IRA clients seeking exposure to the crypto market as part of a broader alternative asset strategy. Seth Bergida, Head of Client Success for ETZ Soft, noted, "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."
Under the arrangement, all income and expenses must flow through the self-directed IRA to comply with IRS investing guidelines. When a client wishes to trade crypto on ETZ Soft, funds must come from the client's Next Generation IRA into the ETZ sub-account, and any cash distributions after selling assets return to the self-directed IRA.
Next Generation Trust Company is a custodian of self-directed retirement plans chartered in South Dakota, with its sister firm Next Generation Services providing comprehensive account administration and transaction support. For more information about alternative assets allowed in SDIRAs, including cryptocurrency, visit NextGenerationTrust.com. ETZ Soft, powered by Coinbase, is a platform designed exclusively for SDIRA custodians and financial institutions to provide secure, compliant access to crypto without adding risk or complexity. Learn more at etzsoft.com.
