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iTrustCapital, founded in 2018 and based in Irvine, California, is a leading digital asset IRA platform that allows clients to buy and sell cryptocurrencies and physical precious metals within their retirement accounts. The company has experienced significant growth since its inception, attracting over $2 billion in assets and more than 40,000 client-funded accounts. iTrustCapital's innovative software platform has disrupted the self-directed IRA industry by offering low-cost, transparent, and liquid options for alternative assets in IRAs.
The company has demonstrated impressive financial performance, with revenue increasing from $14,000 in 2019 to nearly $50 million in 2021. In January 2022, iTrustCapital secured a $125 million Series A funding round led by Left Lane Capital and Pelion Venture Partners, valuing the company at $1.3 billion. This substantial investment and valuation highlight the growing interest in cryptocurrency IRAs and alternative asset investment options for retirement accounts.
While there is no specific news regarding iTrustCapital's IPO prospects at this time, the company's rapid growth, strong market position, and significant funding could potentially make it an attractive candidate for going public in the future. However, it's important to note that any discussions about a potential IPO remain speculative at this point.
Factors that may influence iTrustCapital's decision to pursue an IPO could include market conditions in the cryptocurrency and fintech sectors, regulatory developments in the digital asset space, and the company's continued growth and financial performance. As the cryptocurrency market evolves and more investors seek tax-advantaged exposure to digital assets, iTrustCapital's unique position in the market may attract increased attention from both private and public investors.
Investors interested in the potential for an iTrustCapital IPO should continue to monitor the company's progress and any official announcements regarding its future plans. As always, it's crucial to conduct thorough research and consider the risks associated with investing in any company, particularly in the rapidly changing cryptocurrency and fintech sectors.
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While iTrustCapital's IPO prospects remain uncertain, investors eager to explore opportunities in the cryptocurrency IRA space don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides exposure to a diverse range of pre-IPO investments, including potential leaders in the fintech and cryptocurrency sectors, with lower minimum investments than traditional private equity opportunities. This allows you to potentially benefit from the growth of companies like iTrustCapital before they hit the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
