Coinbase Asset Management & iTrustCapital Partner on Bitcoin Yield Strategy for IRAs
0
0
iTrustCapital, the largest US self-directed digital asset IRA technology and service provider with over $7 billion in crypto assets on platform1, has announced a first-of-its-kind integration with Coinbase Asset Management (CBAM)2 to enable Accredited Investors in the CBAM-managed fund strategies to hold their participations in tax-deferred IRA accounts.
The integration will debut with a CBAM managed Bitcoin (BTC) yield strategy, which seeks to outperform the price of Bitcoin by delivering investors Bitcoin’s beta return plus additional yield.
Why this integration matters
In August, the Trump Administration signed an Executive Order3 to usher in actively managed crypto strategies into 401k’s and retirement accounts broadly. Coinbase Asset Management is wholly-owned by Coinbase Global, Inc, one of the most trusted brands in crypto, renowned for powering investors with a strong focus on regulatory compliance and prudent risk management. In collaboration with Coinbase Asset Management, iTrustCapital combines extensive experience in operating a tax-efficient crypto IRA platform with a proven track record in managing the custodial framework and high-touch service component, supporting the long-term digital asset strategies of nearly 100,000 working professionals across the US. The result is institutional-grade yield products, with world-class security infrastructure, and five-star service that opens new opportunities for Bitcoin investors saving for retirement.
The Bitcoin economy
Anthony Bassili, President of Coinbase Asset Management says “Bitcoin is today approximately a $2.3 trillion asset and has cemented itself as “digital gold” and a “store of value” amongst retail and institutional investors alike4. Bitcoin’s role as pristine collateral creates opportunity for income generation and higher long-term compounded returns, core to CBAM’s strategy. The tax efficiency of having bitcoin yield opportunities in an IRA allows investors to further prepare for retirement by compounding and sheltering income generated from taxes.”5
The integration, expected to launch in Q4 2025 or early Q1 20266, will begin with iTrustCapital expanding the list of supported assets IRA customers can hold in their retirement accounts, extending from spot crypto to now also include CBAM-managed yield opportunities for eligible Accredited Investor clients. iTrustCapital CEO Kevin Maloney said “We’re incredibly excited to partner with Coinbase Asset Management on the BTC yield strategy, which is recognition of the continued growth of digital assets across institutions, our relentless focus on the customer experience, and clear recognition that crypto is now part of the story in saving for retirement.”7
Eligible iTrustCapital8 clients who hold Bitcoin or USD in their IRA will be able to subscribe to the Bitcoin yield opportunity through CBAM. Yield participations for iTrustCapital clients who opt-in and participate in a self-directed manner will be custodied within their supported iTrustCapital IRA account compounding tax-free, further increasing their total bitcoin holdings as they save for retirement.
About iTrustCapital
iTrustCapital is a leading fintech software platform for alternative assets. The company provides 24/7 access to digital assets, cryptocurrencies, and precious metals through self-directed, tax-advantaged IRA, and Non-IRA account options. Leveraging a highly secure closed-loop system and third-party US banks and custodians, iTrustCapital provides greater asset protection and flexibility for a broad range of retail and institutional clients.
About Coinbase Asset Management
Coinbase Asset Management is an SEC-registered investment adviser, regulated by the CFTC, and an NFA member. Melding “TradFi” experience with digital acumen, CBAM build solutions and offer insights to navigate the complex digital asset ecosystem.
0
0
Securely connect the portfolio you’re using to start.