Investors who own self-managed retirement accounts through Kingdom Trust will now have the ability to leverage Fidelity Digital Assets for custodial services. Kingdom Trust has agreed to work with Fidelity Digital to enhance Bitcoin custody for their “Choice Retirement Account.”
Kingdom Trust To Work With Fidelity Digital
Kingdom Trust, an independent qualified custodian has recently linked up with Fidelity Digital to power the way clients store their Bitcoin holdings. More than 100,000+ investors use Kingdom Trust to manage self-directed retirement accounts that provide exposure to Bitcoin, and other alternative assets like real estate, precious metals, private company stock, hedge funds, and more. As Bitcoin investors continue to value privacy and security, Kingdom Trust is agreeing to work with a key provider in the custodial space. According to recent announcements, Kingdom Trust will now provide “cold storage” solutions through Fidelity Digital Assets. Cold storage gives retirees the opportunity to safeguard their Bitcoin in offline infrastructure that protects against online hackers.
Fidelity Digital is a leading provider when it comes to digital asset custody. In addition, Fidelity Digital is the digital assets division of Fidelity Investments, which manages $8.1 trillion in investor assets. When it comes to crypto custody, their Institutional Grade Security includes:
- Secured and vaulted cryptocurrency storage
- Controls that monitor physical, cyber, and operational activities
- Multilevel safeguards
- Ability to buy and sell without moving funds
What Kingdom Trust And Fidelity Digital Said
Ryan Radloff, CEO of Kingdom Trust stated that:
“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.”.
Christine Sandler, Head of Sales & Marketing at Fidelity Digital said:
“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. 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.”
Kingdom Trust Choice Retirement Accounts
Kingdom Trust recently launched their “Choice Platform,” that opens up the door for alternative investing in one retirement account. In order to diversify the offerings, Kingdom Trust has incorporated Interactive Brokers and Kraken so investors can on-board Bitcoin and other alternative assets in seconds. Clients have flocked to the Choice platform since many traditional brokers do not allow alternative assets in retirement accounts. Retirement accounts are becoming a popular way to hold Bitcoin since they are tax efficient. With the IRS continuing to crack down on crypto taxes, investors are predicting substantial upside in Bitcoin, and want to properly plan for the future. With this new strategy in place, many believe that retirement accounts could be a great way to aid Bitcoin adoption.
Fidelity Digital Assets started offering their Bitcoin custody services to institutional clients in 2018. This year marks the first time that clients with self-directed retirement accounts can invest in Bitcoin, and also have access to cold storage infrastructure by Fidelity Digital. Clients who want Bitcoin cold storage will not have to manage their private keys. Kingdom Trust is streamlining the investment experience, making it easy for clients to have Bitcoin tax efficiency, diversification, and security under one roof.
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