Daim launches an Erisa compliant 401k
401(k) plans give U.S. employees tax advantages and the U.S. Internal Revenue Code allows 401(k) or IRAs. The latest digital currency prices massive gains were followed by few US companies to approach and launch of bitcoin-based 401(k) retirement plans.
Digital Asset Investment Menagement(DAIM) is US based company that offers 401(K) retirement plan that allocates up to 10% in bitcoin. Assets are held in cold storage by custodian Gemini Trust.
Other companies that offer bitcoin-related retirement services besides Daim and Bitcoinira include Bitira, Coinira, and Regal Assets. While the digital asset ecosystem continues to grow concepts like retirement services have tapped into the swelling crypto economy.