ErisX is pleased to announce that customers of Midland Trust are now able to utilize their self-directed Individual Retirement Accounts (IRAs) to invest in crypto assets. In concert with ErisX, Midland has expanded IRA holders’ investment options to include cryptocurrency products available on ErisX’s (Bitcoin, Ether, Litecoin, and Bitcoin Cash) to help achieve financial goals.
“We are pleased to work with Midland Trust and expand our vision of an intermediary-friendly crypto market to include IRA trusts and their investors”
- Self-directed IRAs are administered solely at the discretion of the account owner.
- Controls ensure any disbursement of funds is managed with the IRA Custodian.
- Opening an account is fast and easy, with just a few simple steps.
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“We are pleased to work with Midland Trust and expand our vision of an intermediary-friendly crypto market to include IRA trusts and their investors,” said Thomas Chippas, CEO of ErisX. “Our licensed, U.S. based spot and regulated futures market enables individual investors of all types to confidently diversify their portfolios.”
“It is great to connect with ErisX’s to offer our clients secure and transparent access to add crypto trading to their portfolios,” said Adam Sypniewski, Senior Director at Midland Trust. “ErisX’s crypto markets offer the same state and federal protections as traditional assets. Their licensing, operations and infrastructure mirror established capital markets.”
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Midland Trust customers with a self-directed IRA should complete the ErisX onboarding process as an individual member by clicking sign up on the ErisX website. Once approved by ErisX, the application packet from the ErisX member portal will be available to send to Midland Trust for sign-off. Members will be notified via email when the ErisX account is ready to be used.
