Kingdom Trust Nominates Fidelity Digital Assets For Bitcoin Custodian of Its Choice IRA’s

2020-7-16 03:53

Kingdom Trust has appointed Fidelity Digital Assets to power its recently launched Choice retirement account, which features an array of assets including Bitcoin.

Fidelity will act as the Executive custodian hence providing cold storage services to Kingdom Trust Choice clients with a portion of tax-advantaged Bitcoin in their portfolio. This move marks a major milestone in the debut of Fidelity's crypto services in the retail market, having focused on institutional-grade clients in the past two years.

Fidelity's Head of Sales and Marketing – Christine Sandler – added the following:

“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.”

With this collaboration, retail investors looking to retire with some amount of Bitcoin can leverage Choice and have their private keys stored by Fidelity Digital Assets. Fidelity's AUM, which is around $8.1 trillion, may now find its way into Bitcoin after the U.S fund manager signaled a probable shift to digital assets. Ryan Radloff, the CEO of Kingdom Trust has since emphasized that now would be a good time to jump on the BTC bandwagon.

“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.”

Whilst Fidelity Digital Assets had already extended its services to institutions as early as 2018, the collaboration with Kingdom Trust will be the first-time self-directed IRA accounts are able to fully access its crypto custodial services. However, the Kingdom Trust Choice account owners could also choose to stake their digital assets within the custodial accounts or hold them privately through a Casa powered solution.

Kingdom Trusts' Radloff is optimistic that Bitcoin is only but the first digital asset to be onboarded in their collaboration with Fidelity Digital Assets:

“We custody 20,000 unique assets, and most of those are alternative assets … Bitcoin is the first asset that we are doing jointly with Fidelity Digital Assets, but I do not expect it to be the last.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96917.43 (+0.03%)
Объем 24H $42.652b
Изменеия 24h: -0.17 %, 7d: -5.48 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1920.091b Rank 1
Цена в час новости $ 9108.71 (964.01%)

bitcoin choice kingdom assets trust fidelity custodian

Источник: bitcoinexchangeguide.com

bitcoin choice → Результатов: 126


Фото:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


Blockchain Use In Banks Is At An All-Time High, Here’s What We Know

Despite being initially created as the driving force behind cryptocurrencies, specifically Bitcoin, Blockchain technology has certainly come on leaps and bounds over the past decade. Not only is it the scaffolding through which thousands upon thousands of cryptocurrencies are now being created, but it has become the technology of choice for leading banks searching for […] The post Blockchain Use In Banks Is At An All-Time High, Here’s What We Know appeared first on CaptainAltcoin.

2019-1-29 11:26


Фото:

CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto

CoinZest,  a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5. 3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019.

2019-1-23 14:00


Фото:

An Introduction to TRON Smart Contract Development

When it comes to blockchain development, the community has bifurcated into assorted categories in terms of philosophy, preference, and tools. Among the various choices that companies have offered for developing and launching exclusive projects that can integrate blockchain technology, smart contracts have attained top-tier status when it comes to the go-to choice of connecting centralized systems directly to a blockchain.

2019-1-20 23:00


Ripple’s executive gloating after 51% on ETC. But can XRP ledger be measured with the same rod as other cryptocurrencies?

In the light of the 51% attack on another minor proof of work chain, other consensus mechanism proponents jumped on the opportunity to thump bitcoin’s consensus mechanism of choice while simultaneously tooting their own horns with heaped praise of proof of stake or Ripple’s consensus mechanism.

2019-1-8 09:00


R3 Announces Global Payment App With XRP as Base Currency

R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing  ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.

2018-12-6 01:54


Bitcoin Price Set for Breathtaking Moonshot on the Back of Rising U.S. Debt, Says ShapeShift CEO Erik Voorhees

Erik Voorhees believes the price of Bitcoin will increase on the back of skyrocketing U. S. debt. The Chief Executive Officer of ShapeShift – a Swiss-based cryptocurrency exchange platform, believes that with rising debt profile, investors will have no choice but to invest in virtual currencies leading to the inevitable rise in the price of Bitcoin.

2018-11-12 18:23


Фото:

India’s largest Bitcoin exchange moves to Malta to escape regulation

Zebpay, once India’s largest cryptocurrency exchange, is moving operations to Malta after having shut shop on its home turf last month. The exchange, which currently supports 20 cryptocurrencies, will serve users in 20 countries across Europe: Malta Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Latvia Netherlands Poland Portugal Slovenia Sweden Unfortunately, the exchange won’t be accessible to users in India.

2018-10-18 12:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Fidelity is doubling its staff to introduce Ethereum offering

Fidelity Digital Assets, a subsidiary of Fidelity Investments, will double its headcount, adding 110 additional tech workers by the end of the year. The post Fidelity is doubling its staff to introduce Ethereum offering appeared first on CryptoSlate.

Fidelity Amasses over $100 Million from 83 Investors for its Bitcoin Fund

One of the world’s largest asset managers, Fidelity Investments' Bitcoin Fund raised $102 million from investors since its launch in August last year. According to the filing with the US Securities and Exchange Commission (SEC), the asset manager amassed a total of $102,350,437 from 83 investors with a minimum investment of $50,000 each, in a […] The post Fidelity Amasses over 0 Million from 83 Investors for its Bitcoin Fund first appeared on BitcoinExchangeGuide.