This applies for the integration of cryptocurrencies in the US pension plan 401(k), which is financed by employers. The ‘Alt 401(k)’ now allows ForUsAll clients, such as small to medium-sized employers, to invest 5% of the funds for their employees' retirement in 50 cryptocurrencies.
Coinbase Institutional will manage trading and custody of those coins. According to a ForUsAll representative, the company aims to democratise access to alternative investment opportunities in combination with their original core offering of index funds and personal assistance.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now