ROSELAND, N.J., July 30, 2021 /PRNewswire-PRWeb/ -- Jaime
Raskulinecz, CEO of Next Generation Trust Company, has announced
that her firm has formed an administrative relationship with ErisX,
an exchange that provides crypto spot and U.S. regulated futures.
The relationship will allow Next Generation's clients to diversify
their retirement portfolios by investing in crypto assets such as
Bitcoin, Ethereum, Litecoin and Bitcoin Cash, without having to
open an IRA LLC to do so. These retirement accounts, more commonly
known as self-directed IRAs, allow for a broad array of alternative
assets like real estate, private equity, hedge funds, notes,
precious metals, and cryptocurrencies.
"Up until this point, our clients would have to establish a
newly formed LLC after opening their accounts for checkbook control
over these digital assets. But through this new option, investors
may now directly invest in cryptocurrencies via a regulated, secure
and transparent exchange," said Raskulinecz. "While clients may
still establish an LLC if they wish, it is no longer necessary when
making these self-directed investments on ErisX." Next Generation
has listed ErisX as a professional resource on their website, which
also provides more information and education on trading
cryptocurrencies.
Through self-directed IRAs, investors make all their own
investment decisions and may include many non-publicly traded
alternative assets within their retirement plans. This affords them
more control over their investment returns, provides a hedge
against stock market volatility, and gives the same tax advantages
that come through investing with a retirement account.
Next Generation supports self-directed investors with account
administration and transaction processing through Next Generation
Services and asset custody through Next Generation Trust
Company.
"We provide access to crypto trading and investing on an
exchange built to the exacting standards of traditional commodity
markets," said Thomas Chippas, CEO
of ErisX. "Next Generation customers can open an account and access
our world-class exchange to diversify their IRA investments in a
few simple steps."
Next Generation and ErisX co-hosted an educational webinar about
investing in cryptocurrency on June
17; it is available on demand at https://bit.ly/375VMQp.
More information about self-direction as a retirement
wealth-building strategy is available at
http://www.NextGenerationTrust.com. To learn more about including
cryptocurrency in a self-directed IRA with ErisX, visit
https://www.erisx.com.
About Next Generation
Founded on the philosophy that every person should have control
over their own retirement plans, Next Generation Trust Company
educates consumers and professionals about self-directed retirement
plans and nontraditional investments, a strategy at one time
reserved only for the very wealthy. A custodian of self-directed
retirement plans, it is a trust company chartered in South Dakota. Its sister firm, Next Generation
Services, provides comprehensive account administration and
transaction support with Next Generation Trust Company acting as
custodian for all accounts. The neutral third-party professionals
at Next Generation expertly guide clients and their trusted
advisors as part of their white glove, personalized service for a
seamless transaction experience from start to finish. Reach Next
Generation by phone at 888.857.8058 or via e-mail at
NewAccounts@NextGenerationTrust.com. For more information, visit
http://www.NextGenerationTrust.com.
About ErisX
ErisX provides crypto spot and U.S. regulated futures markets
without sacrificing security, transparency or the benefit of market
oversight. ErisX's spot market supports Bitcoin, Bitcoin Cash,
Ether, Litecoin, and USDC. Borrowing building blocks from the
traditional capital markets, ErisX ensures proper security
protocols are in place to best protect members as well as further
establish confidence in the crypto markets. ErisX Futures are
offered through Eris Exchange, LLC, a Commodity Futures Trading
Commission (CFTC) registered Designated Contract Market (DCM) and
Eris Clearing, LLC, a registered Derivatives Clearing Organization
(DCO). The CFTC does not have regulatory oversight authority over
virtual currency products including spot market trading of virtual
currencies. ErisX Spot Market is not licensed, approved or
registered with the CFTC and transactions on the ErisX Spot Market
are not subject to CFTC rules, regulations or regulatory oversight.
ErisX Spot Market may be subject to certain state licensing
requirements and operates in NY pursuant to Eris Clearing's license
to engage in virtual currency business activity by the New York State Department of Financial
Services. https://www.erisx.com/disclaimer/
Media Contact
Jaime Raskulinecz, Next
Generation Trust Company, +1 973-533-1880,
jaimer@nextgenerationtrust.com
Caryn Starr-Gates, StarrGates
Business Communications, 201-791-4694, caryn@starrgates.com
SOURCE Next Generation Trust Company