FAQ - How are my crypto assets stored and secured? FAQ - How are my crypto assets stored and secured?

FAQ - How are my crypto assets stored and secured?

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How are my digital assets secured with iTrustCapital?

iTrustCapital is a software platform that utilizes a third-party custodian to custody client assets. The custodian is a regulated state-chartered trust company. As custodian, it holds client assets in individual retirement accounts solely for the benefit of each client. 

The custodian utilizes proprietary technology to custody digital assets, including Fireblocks and Coinbase Custody.

Highlights include:

  • Institutional-Grade Offline Storage (cold storage)
  • Multi-Party Computation (MPC)
  • Providers undergo regular security and financial audits by external firms and have been awarded SOC 1 Type II and/or SOC 2 Type II certifications
  • Commercial Crime Insurance Policies 


What would happen to my IRA and assets if iTrustCapital and/or the Custodian were to go out of business?

The Custodian and iTrustCapital maintain a business continuity plan to address business wind-down and account transitions if needed. In the event that a wind-down is required, clients would retain ownership and control of their accounts and assets and would be required to transfer their funds to another custodian. Client assets are never mixed with operating funds and therefore are not available to satisfy the obligations of iTrustCapital or its custodian.


Do you lend against my assets?

No, iTrustCapital does not lend against client assets. iTrustCapital never takes custody of client assets and client assets are never mixed with operating funds. Client assets are secured and stored with third-party institutional storage providers, as outlined by our Terms of Service in "Section 3.c." - 

Storage: Digital Currencies are stored by the Custodian using an institutional cryptocurrency storage wallet provider(s) and precious metals are physically held at the Royal Canadian Mint with ownership managed via a secure blockchain distributed ledger. 

To learn more about iTrustCapital’s relationship with its clients, see our Terms of Service here.


Who is iTrustCapital regulated by?

iTrustCapital is a software platform that allows clients to buy and sell cryptocurrency and precious metals in their Self-Directed IRA. iTrustCapital is not an exchange, custodian, trust company, licensed broker/dealer, or investment advisor, and therefore is not directly regulated as such. Our Terms of Service govern our relationship with our clients. The Custodian, on the other hand, is regulated as a state-chartered trust company and therefore subject to regulatory oversight.


Are my funds held in USD FDIC insured?

iTrustCapital's third-party Custodian, M2 Trust Services, utilizes an FDIC-insured bank, to deposit its clients' USD. Deposit accounts are insured up to the maximum permitted by federal regulation.

It must be noted that FDIC insurance applies to USD assets held by US FDIC-insured banks and is intended to protect depositor money in the event of a bank failure. It does not protect your money or assets from losses relating to your investment decisions or market conditions.