$ 69,000,000,000 pension fund plans to allocate capital to Crypto Space

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Australia’s fifth largest pension fund is reportedly considering allocating capital to crypto markets.

The Financial Times reports that the Queensland Investment Corporation (QIC), which manages $ 69 billion in assets, is ready to invest in cryptocurrency in the future, although it remains cautious of the emerging space of digital assets.

QIC’s chief currency officer Stuart Simmons attributes the reluctance of deep funds to regulatory risks of digital assets amid a lack of clarity on how governments and watchdogs would oversee the crypto space.

Simmons says large investors want more regulatory certainty and protection against fraud, theft, market manipulation and other unquantifiable risks, “but could likely seek exposure to crypto once the market hits. maturity.

He adds that clearer regulatory requirements may also make conservative investors feel more comfortable investing their money in digital assets.

“At present, there are a number of uncertainties and the operational infrastructure for institutional investment remains immature…

I don’t think super funds and the institutional market investing in crypto is inevitable, but as the segment matures … super funds are likely to seek exposure …

As the framework continues to develop, super funds could potentially simply meet user demand by making it easier to invest in crypto.

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