Cryptocurrency Funneled Through Self-Managed Pension Funds, Flowing into Australia's Roughly $2.8 Trillion Savings Pool
BlockBeats News, September 1st. According to ChainNews, Australia's AU $4.3 trillion (approximately US $2.8 trillion) retirement system — long seen as one of the most well-regulated savings pools in the world — is emerging as a new frontier for cryptocurrency adoption. Coinbase Global Inc. (COIN.US) and OKX have successively launched products aimed at pension fund cryptocurrency investment, signaling that digital assets are further penetrating the mainstream financial system.
The initial focus is on Self-Managed Superannuation Funds (SMSFs) — these investor-managed funds already account for a quarter of Australia's retirement market. Unlike mainstream pension funds that generally avoid cryptocurrency assets, SMSFs empower individuals with full investment autonomy. Fabian Bussoletti, Technical Manager of the SMSF Association, stated: "Interest in cryptocurrency within the SMSF space is on the rise, which makes sense. Over time, larger funds may also follow suit."
According to data from the Australian Taxation Office, the current scale of cryptocurrency assets held by SMSFs is still relatively small (around AU $1.7 billion as of March), but it has grown sevenfold since 2021. Both exchanges are optimistic that this growth trend will accelerate, forcing regulators and institutional funds to confront the cryptocurrency exposure issue that has been avoided in the past. Currently, AMP is the only mainstream pension institution in Australia publicly disclosing investments in cryptocurrency assets.
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