Kingdom Trust, a regulated custodian that offers self-directed IRA incorporating a suite of digital assets with property and traditional asset investments, announced on Wednesday it has formed a new partnership with digital asset lending, borrowing and investment management company, DrawBridge Lending d/b/a DBL Digital.
According to Kingdom Trust, the partnership will feature Kingdom Trust serving as the lead custodian for the DBL Digital Series Fund, with DBL Digital providing investment management services on behalf of Kingdom Trust clients.
“The relationship between DBL Digital and Kingdom Trust will help unlock more value for crypto holders looking to monetize their investment while their coins remain in cold storage custody. The product line also will attract new clients to Kingdom Trust seeking yield on custodied bitcoin. To be eligible to invest in the fund, investors will have to be eligible contract participants (ECPs), meaning they have a net worth of at least $1,000,000. The minimum investment in the DBL Digital Series Fund will be $1,000,000, which can be met with the aggregation of multiple investors.”
While sharing more details about the partnership, Karen Wendel, Kingdom Trust’s Chief Commercial Officer, stated:
“We are very honored that DBL Digital chose us to serve as the leading custodian for their clients, bringing our expertise and a decade of experience as an established custodian to their investors. Providing premium service to clients and keeping their assets safe is what we do at Kingdom Trust and working with DBL Digital on this new initiative is a great opportunity to continue introducing new investors to the work our team does in this space.”
DrawBridge Lending Co-Founder, President & Chairman of the Board, Thomas Anderson, added:
“The series fund is organized as a Delaware LLC and each investor can be a ‘pool of one’ with their own EIN number, administered and audited by experienced industry firms. We built the fund to attract the high-end investor and commercial user that depend on their digital asset storage at a qualified custodian. This marks an exciting new phase for DBL Digital as we embark on deploying our fund and work with Kingdom Trust to ensure the safe custody of our customers’ investments. Kingdom Trust has been a great commercial partner and we are very happy they are the lead custodian as we go through our launch.”