Do you have Insurance to guarantee the protection of my funds? Do you have Insurance to guarantee the protection of my funds?

Do you have Insurance to guarantee the protection of my funds?

Contributor Contributor

iTrustCapital does not offer FDIC insurance. FDIC insurance applies to USD assets held by US FDIC insured banks and is intended to protect your 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. FDIC insurance of USD held in client accounts is on our roadmap and something we are considering.

 

iTrustCapital 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 a variety of proven, secure digital asset storage solutions.

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

Client assets are never mixed with operating funds and therefore are not available to satisfy the obligations of iTrustCapital or its custodian.

Please note that these third-party vendors’ insurance policies do not protect client assets against losses due to investment decisions or market conditions. Cryptocurrencies and precious metals are speculative investments with risk of loss, including loss of principal. Investors assume the risk of all purchase and sale decisions. iTrust Capital, Inc. makes no guarantee or representation regarding clients’ ability to profit from any transaction or the tax implications of any transaction. We recommend clients consult a qualified legal, investment, or tax professional with respect to any investment decision. 

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