Bringing you live news and features since 2006 

Fidelity Digital Assets provides cold storage custody for Kingdom Trust’s BTC-friendly IRA

RELATED TOPICS​

Individual retirees now have the option to safeguard their tax-advantaged bitcoin with Fidelity Digital Assets via a Choice by Kingdom Trust retirement account.“Personally, I’ve grown to trust the Fidelity family of brands as an individual investor in the traditional markets and now the bitcoin in my Choice retirement account can be kept secure by Fidelity Digital Assets. For anyone who was considering bitcoin as part of their retirement portfolio, but was waiting for the infrastructure to mature and for familiar names to enter the space, that day is today,” says Ryan Radloff, CEO of Kingdom Trust.

 
As part of the agreement, Choice members who opt for this solution will not have to manage their own private keys but will choose to have bitcoin held in cold storage exclusively by Fidelity Digital Assets, a leading provider of digital asset custody and execution services to institutional investors, and digital asset business of Fidelity Investments which administers USD8.1 trillion in customer assets.
 
“Since our market entry less than two years ago, we’ve seen significant progress in the infrastructure supporting investors in digital assets, and an evolution in the range of investors adopting digital assets into their portfolios,” says Christine Sandler, Head of Sales and Marketing at Fidelity Digital Assets. “We welcome innovation in this space and progressive offerings like the Choice retirement account that enable investments in digital assets and ultimately supports the maturation of the entire ecosystem.”
 
While Fidelity Digital Assets publicly launched their bitcoin custody service for institutional clients in late 2018, this is notably the first time that owners of self-directed IRA accounts who invest in bitcoin will be able to benefit from the infrastructure Fidelity Digital Assets has developed as a result of the exclusive custody agreement with Kingdom Trust.
 
“Bitcoin held in a tax-advantaged Choice retirement account, with cold storage provided by Fidelity Digital Assets is here. This is a remarkable day for bitcoin and retirement savers who demand choice – we’re humbled to be a part of the solution,” says Ryan Radloff, CEO of Kingdom Trust.”
 
In addition to the cold-storage option announced today, Choice offers memberships which cover the full spectrum of risk from holding your own private keys, to using your bitcoin to subsidise a free account.

Latest News

LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..
Amundi has reduced its management fees across a wide selection of its ETF range. The firm writes that this move..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD66,675, marking a 4.3..

Related Articles

Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by