US firm launches company sponsored Bitcoin retirement plan

posted 11 days ago
After running a year-long test, Digital Asset Investment Management (DAiM), a U.S.-based crypto investment advisor, has launched what it says are the first company-sponsored retirement plans supporting bitcoin.

DAiM will serve as an advisor and fiduciary while helping companies create a 401(k) plan that allows a maximum allocation of up to 10% in bitcoin (BTC, +3.06%) alongside varying degrees of exposure to traditional assets. Cryptocurrency associated with the Employee Retirement Income Security Act (ERISA)-compliant plans will be held in New York-regulated Gemini Trust’s cold storage custody.
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