iTrustCapital, a leader in crypto IRAs, is scaling its infrastructure to provide secure, compliant services for financial institutions, leveraging a recent $125 million funding round.
The expansion enhances access to digital assets, crucial for institutional adoption and innovation, amid a rapidly growing interest in secure crypto exposure.
iTrustCapital Secures $125 Million for Institutional Growth
iTrustCapital has increased its capabilities with institutional partnerships like Coinbase Custody, ensuring user access to secure digital assets. Since launching in 2018, it has rapidly grown, supporting over 33 cryptocurrencies in tax-advantaged IRAs.
Led by CEO Blake Skadron, the company focuses on compliance and secure storage. Having raised $125 million in Series A funding, it aims to bolster its institutional focus and broaden product offerings.
Implications for Advisors and Regulatory Influence
The expanded infrastructure encourages wealth management and financial advisors to seek digital asset exposure. Institutional interest is piqued by iTrustCapital’s transparent trading fees and secure, compliant custody services.
Financial experts anticipate that iTrustCapital’s move could influence regulatory environments, setting benchmarks for crypto IRAs. “iTrustCapital empowers and provides secure access to millions of investors who would like to participate in the economic growth that a blockchain future holds, leveraging a low-cost, user-friendly software platform,” said Blake Skadron, CEO of iTrustCapital. The update is analyzed as a catalyst for institutional crypto adoption, emphasizing security and transparency.
Trend Toward Secure Digital Asset Solutions
iTrustCapital’s advancements follow a trend towards institutional digital asset solutions since 2020, in response to rising demand for compliant investments in crypto infrastructures.
Kanalcoin experts suggest increased adoption among financial institutions, emphasizing potential outcomes related to regulatory practices aligning with secure and transparent crypto management.
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