Digital & Decentralized Finance, Blockchain Daily News


              



Equity Trust Adds Stellar, Zcash To Its Digital Asset Platform for IRA Investors


Equity Trust Company announced today that investors can now invest in Stellar and Zcash through the Equity Trust Digital Asset Platform.



“We continually listen to our customers and respond based on their interests,” said Dave Allen, Chief Operating Officer of Equity Trust Company. “We’re pleased to offer our clients more choices and the opportunity to diversify within cryptocurrencies.”

Investors can now own up to eight cryptocurrencies in their self-directed IRA account through the platform, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, in addition to Stellar and Zcash.

The Equity Trust Digital Asset Platform allows investors to buy and sell cryptocurrencies within tax-advantaged retirement accounts.

As long as IRS guidelines are followed, investment gains from digital currency generated in the IRA may be tax-deferred, a potential benefit and differentiator for those investing in digital currency. In July 2019 the IRS sent letters to cryptocurrency users reminding them of their obligations to file returns based on past investment gains. If their investments were made through an IRA though, taxes could have possibly been mitigated or deferred until retirement.

In addition to offering a variety of eight popular currencies, the Digital Asset Platform simplifies the investment process by providing an easy-to-use interface enabling both individual investors and institutional partners, on behalf of their clients, to instantly place orders for digital currency using tax-advantaged funds from IRAs.

“We are receiving a positive response from the market to our user-friendly platform, which enables clients to buy, sell and view their assets online instantly,” Allen said. “The Digital Asset Platform also offers fast trading and settlement, competitive fees and industry leading security protocols. Making additional cryptocurrencies available is another way we’re evolving our capabilities to bring more value to our clients.”

More details on benefits of the Digital Asset Platform include:

- Fast Settlement: Digital currency is securely stored as soon as it is delivered, and sale proceeds are available on a next day basis.
- Industry Leading Security Protocols: Multi-factor authentication for platform is required, as well as multi-signature wallet access verification.
- Low costs and Minimums to Start: No transfer in fee, with one low platform establishment fee regardless of account size.

The following provides background information on the new cryptocurrencies added to the Digital Asset Platform.

Stellar lumen (XLM) is based on an open source, decentralized protocol that facilitates currency exchange. Stellar allows users to send any currency they own to someone else in a different currency. Jed McCaleb, who previously served as chief technology officer at Ripple, founded the Stellar network and created the digital currency in 2014. The Stellar protocol is supported by a 5013 nonprofit, the Stellar Development Foundation.

Zcash (ZEC), which was established in 2016, is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users, compared to other cryptocurrencies such as Bitcoin. Zcash was built on the original Bitcoin code base and, like Bitcoin, it has a fixed total supply of 21 million units. Conceived by scientists at MIT, Johns Hopkins and other respected academic and scientific institutions, it was built on a decentralized blockchain.

About Equity Trust Company

Equity Trust Company is a financial services company with $25 billion in assets under custody and administration (as of 12/31/18) that offers individual investors, financial professionals and institutions the ability to invest in traditional and alternative asset classes, including real estate, notes, private equity, precious metals and digital currencies. The Equity Trust family of companies offers retail and institutional custodial services with individual retirement accounts, back-office solutions for RIAs, brokerage services, directed trustee services and more. Individual investors visit https://www.trustetc.com for more information. Financial professionals visit https://www.equityinstitutional.com for more information.

Equity Trust Company is a passive custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.

Prior to making any investment decisions, please consult with the appropriate legal, tax, and/or investment professionals for advice. As a self-directed IRA custodian, Equity Trust Company will not provide investment advice or risk assessment of any investment. The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.

FINYEAR & CHAINEUM

Lisez gratuitement le quotidien Finyear & sa newsletter quotidienne.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.

Read for free The daily newspaper Finyear & its daily newsletter.
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in digital finance, corporate finance & crypto finance.

------------------------

Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.

About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.

-------------------------

No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

Vendredi 6 Septembre 2019
Notez


Nouveau commentaire :
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles

Free Daily Newsletter / Newsletter quotidienne gratuite


Cryptocurrencies


Finyear - Daily News