11/20/2020, 1:32 PM (Source: TeleTrader)
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US gets first company-sponsored Bitcoin pension plan

Digital Asset Investment Management (DAiM) announced the launch of the first ERISA compliant employer-sponsored 401(k) plans with Bitcoin. According to the American crypto investment advisor, this is the first company-sponsored retirement plans supporting Bitcoin.

DAiM will serve as an advisor and fiduciary that will help companies create a 401(k) plan that will enable allocation of a maximum of 10% in Bitcoin together with traditional assets.

"We executed the very first employer-sponsored 401(k) plan in October 2019 and have been working and testing the product diligently for the past year, allowing us to launch scalable 401(k) plans that provide recordkeeping and administrative services for both large and small organizations. We’re proud to be a leader in regulated Investment Management services for Bitcoin and are excited to lend our fiduciary capacity to enable access to Bitcoin in 401(k)plans in this way," said Adam Pokornicky, COO of Digital Asset Investment Management.

Breaking the News / TF