PASADENA, Calif., May 18, 2021 /PRNewswire-PRWeb/ -- My Digital Money (MDM), a facilitator of cryptocurrency-based IRA investments, was launched today, providing investors with a new and secure retirement platform for investing in cryptocurrency assets. Investors can now access Bitcoin, Ethereum and other digital currencies through a retirement account with Equity Trust Company (Equity Trust). Equity Trust, a leading self-directed IRA custodian, will serve as the custodian on all accounts. Next-day settlement will be offered to all MDM account holders.
My Digital Money minimizes the threat of hackers or losing access to one's cryptoIRA accounts by providing around-the-clock U.S.-based customer support services for account holders as well as multiple layers of security. This includes multifactor authentication and military-grade Hardware Security Modules (HSM) through Equity Trust's partner, Genesis Custody, a global leader in institutional digital asset markets, facilitating billions of dollars in digital currency transactions.
"Those who are eager to invest in cryptocurrency are often deterred by the risks associated with losing access to their accounts or potential for cybersecurity threats. We saw a gap in the marketplace for a platform that could eliminate the friction of cryptocurrency investing and give consumers the opportunity to diversify their retirement portfolios in a safe and secure environment," said Collin Plume, My Digital Money founder and CEO.
The My Digital Money platform enables investors to buy and hold digital assets in a cryptocurrency IRA that is structured for retirement. MDM account holders benefit from additional features such as:
- Hassle-free, U.S.-based client support services
- Educational materials and resources
- Tax reporting support
- Next-day settlement available on all crypto orders
The number of financial services companies embracing cryptocurrency is growing in response to rising demand among investors for alternative retirement assets. George Sullivan, CEO of Equity Trust commented, "The interest in alternatives such as cryptocurrency is very high among consumers, even as markets continue to experience volatility. Equity Trust was an early adopter and developer of cryptocurrency capabilities and is well-positioned to support My Digital Money and its investors with a secure and reliable self-directed cryptoIRA."
My Digital Money is the newest financial services venture from serial entrepreneur and alternative assets expert Collin Plume, who founded Noble Gold Investments in 2016. The company plans to add additional features to benefit account holders including the ability to trade cryptocurrencies in cash on its platform later in 2021. MDM's headquarters will operate out of California with Plume at its helm.
To learn more about My Digital Money or open an account, visit http://www.mydigitalmoney.com/
About My Digital Money
My Digital Money (MDM) provides a safe and reliable retirement platform for investing in cryptocurrency assets. Based in Pasadena, CA, MDM ensures clients can buy, sell, and trade digital currencies in a secure environment as they work toward financial security. The company offers customer support services based in the U.S. as well as market reports and resources to minimize the friction of cryptocurrency investing. To learn more, visit http://www.mydigitalmoney.com
About Equity Trust Company
Equity Trust Company is a financial services company that enables individual investors and financial professionals to diversify investment portfolios using alternative asset classes such as real estate, private debt, private equity, and precious metals. The Equity Trust family of companies offers custodial services for alternative investments and back-office solutions for Registered Investment Advisors, brokerage services, directed trustee services, and more.
Equity Trust Company is a directed 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. For more information, visit https://www.trustetc.com.
Media Contact
Trish DaCosta, KCD PR, 619-955-7759, [email protected]
SOURCE My Digital Money
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