Published
2 years ago on
March 31, 2022
Dorado IRA - the first decentralized retirement platform in the US - has recently partnered with Celsius Network - a titan of the digital assets market, offering a wide variety of cryptocurrency services, products, and tools.
Dorado IRA allows people to allocate their retirement funds into digital assets to hedge against inflation and macroeconomic risks, including possible stock market crashes and national emergencies. In addition, Dorado gives people full control over their retirement investments.
“We see a huge shift in investor appetites and who they trust to service their retirement saving needs, so a lot of our customers are moving away from the traditional 401(k) system and demanding more control over their investments,” said Gabriele Gali, Co-Founder and CEO of Dorado IRA.
Celsius, the UK-based blockchain mainstay boasting over $25 billion AUM and 1 million users, has entered into a partnership with Dorado IRA to bring yield back into investor portfolios.
Marcus Lara, CMO at Dorado IRA added,
“Bond Yields, TD yields and interest rates on cash holdings are at historic lows. Not only is the retirement investor not able to access any yield on cash or cash equivalents at the moment, but they are being hit with an extremely high inflationary environment so their capital is actually eroding.”
Dorado IRA’s partnership with Celsius Network aims to finally bring back yield opportunities to investor portfolios and provide a little extra appreciation on their long-term digital asset holdings.
At present, a Dorado IRA customer is able to earn up to 10% APY on their cash holdings in stable coins and 6.5% APY on their BTC holdings. By partnering with Celsius Network, this number can grow up to 17.78% on the annual percentage yield.
Celsius Network is an interest, income, and cryptocurrency lending platform registered in the United Kingdom. It is one of the largest platforms in the digital assets industry, with over 1.4 million active users and $25 billion in assets. Since 2018, Celsius Network processed loans for more than $8 billion and paid more than $920 million in interest and rewards to its contributors.
Recently, Dorado IRA has also announced a partnership with Gemini.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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