Cryptocurrency Investing Leader With $12 Billion in Assets Adds Zcash (ZEC) and Stellar (XLM)
Kingdom Trust, a leading qualified custodian, is adding Zcash (ZEC) and Stellar Lumens (XLM) to its list of acceptable digital currency investments. The company has over $12 billion in assets under custody and over 100,000 clients. As an independent qualified custodian regulated by the South Dakota Division of Banking, Kingdom Trust specializes in custody solutions for individual investors, investment sponsors, family offices, advisory firms and broker-dealers, assisting institutions and funds.
The company is crypto-friendly. It currently includes Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Ripple (XRP) among its digital assets, in addition to the newly added Zcash and Stellar.
“Kingdom Trust is proud to now hold these two coins on our industry-leading platform,” said CEO Matt Jennings. “As a qualified custodian, we take our role as solutions provider very seriously, and we are excited to add many more solutions like this in the near future.”
Based in Murray, Kentucky, the company pioneered online account opening for the Self-Directed IRA industry, accelerating onboarding of new clients by eliminating initial physical paperwork and wet signatures.
As leaders in traditional investments, Kingdom Trust allows its clients to “self direct” retirement accounts into several assets including stocks, bonds, mutual funds, exchange traded funds ETFS, public REITs, annuities, money markets and certificates of deposit (CDs).
The self-directed IRA accounts also allow clients to purchase an apartment complex, loan money to a startup company, participate in marketplace lending or crowdfunding opportunities, among other investments.
Currently the most common investments held in Kingdom Trust self-directed accounts include real estate, precious metals, IRA-owned single-member LLCs, private lending, private equity, crowdfunding and marketplace lending, Bitcoin, Ethereum and other digital assets.
The addition of Zcash and Stellar and the expansion of digital assets as an investment option alongside stocks, bonds and mutual funds further establishes the integration of cryptocurrencies as legitimate investments.
