Your IRA account is held at Equity Trust Company, a regulated financial institution, in your name per the agreement you signed. Equity Trust has offered IRA custody services since 1983.
Equity Trust is a South Dakota-chartered trust company governed by the South Dakota Division of Banking. It undergoes periodic audits with the Division and complies with all relevant statutes and regulations. Their financial statements are audited annually by an independent CPA in line with AICPA standards. Equity Trust self-custodies client Bitcoin to ensure it has control over the assets.
Swan and Equity Trust reconcile client activity and are exploring further on-chain transparency in the future. We caution that on-chain attestations do not confirm a custodian's liabilities or proper segregation of assets, while audits with Equity’s regulator fulfill these requirements.