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Exciting news in the Crypto world: “trust capital wins $125 M at $1.3 Billion Valuation”

Crypto IRA Platform iTrustCapital Raises $125M at $1.3B Valuation. Crypto individual retirement account (IRA) software platform iTrustCapital has raised $125 million in Series A funding with a post-money valuation of over $1.3 billion

ITrustCapital
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http://itrustcapital.com/

iTrustCapital was founded by industry leaders in the alternative investment IRA industry. iTrustCapital is the leading digital asset IRA trading platform that allows clients to directly buy and trade cryptocurrencies and physical gold in real-time through their retirement accounts. iTrustCapital’s revolutionary platform eliminates the costly inefficiencies and outdated processes of previous IRA models, opening the door for investors to safely, simply, and legally move money from their retirement accounts into the Cryptocurrency and the physical Gold markets—at costs as much as 90% lower than other IRA companies. iTrustCapital’s goal is to empower 10 million investors to participate in the economic growth that a blockchain future holds.

“We’re seeing the days of the cryptocurrency wild wild west waning as the industry matures in many ways, including more attention and regulation from government agencies like the IRS”– Todd Southwick, CEO

“iTrustCapital is disrupting the self-directed IRA industry by utilizing the power of blockchain technology to offer the lowest cost, most transparent and liquid platform available for alternative assets in IRAs.”

iTrustCapital Gains Investors Trust as Alternative Crypto and Gold IRA Platform, Registers Strong Growth

The round was led by the growth equity firm Left Lane Capital. As part of the investment, Left Lane Principal Matthew Miller will join the iTrustCapital board of directors.

  • The proceeds will help ITrustCapital expand its products and services, scale its client services and development teams, launch new marketing channels and explore potential strategic acquisitions.
  • The iTrustCapital platform allows qualified U.S.-based investors to transact in cryptocurrencies while maintaining the tax advantages of an IRA. The platform currently provides access to 25 cryptocurrencies alongside physical gold and silver.
  • The software company is exploring new features for the platform, including crypto staking services and the ability to participate in governance activities through governance tokens such as Uniswap, Compound, MakerDAO, Sushi, Polkadot and more.
  • ITrustCapital currently has about 27,000 funded accounts and aims to add another 180,000 to 200,000 in 2022, CEO Todd Southwick told CoinDesk in an interview.
  • Founded in 2018 in Long Beach, Calif., iTrustCapital said it has grown from $2 billion in total transaction volume to more than $4.5 billion in the last six months.
  • “ITrustCapital serves clients that seek long-term, tax-advantaged exposure to cryptocurrency as an asset class – a formidable and fast-growing market opportunity that traditional financial institutions have not fully addressed,” said Left Lane’s Miller in the press release.

As the post-pandemic financial markets stand on shaky ground, further worsened by the economic slowdown faced by almost all the nations has driven people to rethink their investment choices. As people look for more stable investments, non-traditional platforms like iTrustCapital have started to gain more attention.

iTrustCapital, the leading alternative investment platform specializing in cryptocurrency and gold Individual Retirement Accounts (IRA) has reported a significant change in investment trends in 2020 as it achieved a milestone 10,000+ transactions. The platform attributes its latest achievement to investors switching their traditional securities focused 401(k) and IRA retirement accounts to alternative investment choices like Bitcoin and Gold.

Commenting on Wall Street’s failure to in guaranteeing financial security, iTrustCapital Director of Client Experience Anthony Bertolino III said, “Clients are increasingly frustrated with Wall Street and traditional financial institutions… They feel existing investment services do not have their best interests in mind. When they ask traditional firms about investing in Bitcoin and physical gold through their retirement accounts, their requests usually fall on deaf ears with these firms typically offering only mutual funds and bonds.”

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Abhishek Shah

Journalist at TechMantle Technology Writer, Entrepreneurship, Business, IoT, Management

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