Legacy Trust Puts Together a New Crypto Asset Pension Plan Service
Legacy Trust, a crypto custody provider, has recently decided to launch a new product, a digital pension plan based on cryptocurrencies. The company, which is based in Hong Kong, announced its plans and also opened the way for its employees to participate in the program.
According to the CEO of the company, Vincent Chok, the new product is expected to appeal mainly to people who are already investing in crypto. He affirmed that the company is trying to offer something to the people who are active in the space and that can be used as a tool for them.
One of the goals is to offer it to businesses that want to drive employee loyalty up, by letting them participate in the growth of the company as well. The payments to the pension plan can be done directly from taking a cut of the salaries or by voluntary contributions. The money can then be withdrawn when the person retires or dies.
According to Legacy Trust, the plan will address most of the concerns that could surface from using blockchain technology and cryptos as an investment. However, it was still unclear by the time of this report what exactly would be measured for that.
In related news, the company has recently started a partnership with the famous crypto wallet Ledger in order to offer more security for its clients. Now, the company is set to use the Ledger Vault product to secure the assets of the clients more efficiently.