Cryptocurrency custody provider Legacy Trust has announced that it is launching the world’s first digital asset pension plan. It will give holders regulatory certainty and secure assets.

The plan will fully adhere to the regulations in Hong Kong where the company is based and will be open to citizens from anywhere in the world. This is possible as long as the person has gainful employment. Users can fund voluntarily or directly from salaries and can include fiat currencies alongside digital assets. It was not immediately clear what digital assets, in particular, could be invested in through the plan. The pension plan encourages hodling and resolves the potential tax issues that come with selling crypto assets. It is by placing these assets in a fund that is paid out upon retirement. The new plan addresses different tax concerns for crypto holders. Also, it eliminates the desire of the holders to sell during price dips.

Vincent Chok, CEO of Legacy Trust, believes that the new product will appeal to businesses who are active in the crypto space, and who want to offer additional benefits to their employees to retain talent and recognize achievement.

This plan appears to be reliable for self-employed to invest in a crypto pension plan. Also, it will be a good option for employers who wants the same without going through a venture fund as per the source.