Next Generation Trust Company, a full-service account administrator and asset custodian for self-directed IRAs, has announced a strategic partnership with ETZ Soft to enable clients to trade and invest in cryptocurrency within their retirement accounts. The partnership leverages ETZ Soft's platform, which provides institutional-grade custody and trading powered by Coinbase Prime, allowing investors to access digital assets in a tax-advantaged manner.
Jaime Raskulinecz, CEO of Next Generation Trust Company, emphasized the growing demand for cryptocurrency exposure among self-directed IRA 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," 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." This move positions Next Generation to meet client interest in alternative assets, including the top 50 coins and tokenized gold available through ETZ Soft.
The integration works by allowing investors to 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 begin trading digital assets 24/7 within the app. The process ensures compliance with IRS guidelines, as all income and expenses flow through the IRA. Funds for crypto trades must come from the client's Next Generation IRA into the ETZ sub-account, and any cash distributions after asset sales return to the self-directed IRA.
Seth Bergida, Head of Client Success for ETZ Soft, highlighted the importance of secure and compliant crypto investing for self-directed IRA custodians. "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," Bergida 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."
ETZ Soft, powered by Coinbase, is designed exclusively for SDIRA custodians and financial institutions, providing investors with direct 24/7 trading access to over 200 digital assets, full account transparency, and institutional-grade storage on Coinbase Prime. For Next Generation, the platform requires no tech buildout or integration, streamlining the offering. More information about ETZ Soft is available at etzsoft.com.
This partnership underscores the increasing convergence of traditional retirement planning with digital assets, offering a pathway for investors to diversify their retirement portfolios with cryptocurrency while maintaining the tax advantages of self-directed IRAs. As alternative assets gain traction, Next Generation Trust Company's collaboration with ETZ Soft represents a significant step in making crypto investing accessible and compliant for retirement savers.
