South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023.
Ontario Teachers’ Pension Plan Will Stay Away From Crypto Investments After $95M FTX Write-Off: FT
The $190 billion Canadian pension fund is “still working through what exactly happened there,” according to its CEO.
$190B Ontario pension says no to crypto after FTX investment loss
The pension fund had invested twice in the now-bankrupt crypto exchange once during the peak bull run in 2021 and another in early 2022.
Canada to Ask Pension Funds to Disclose Crypto Exposure
The budget for 2023 also includes that OSFI will consult federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets.
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.
Bitcoin retirement plans elicit caution from regulators
Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.
JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
US Firm Launches Company-Sponsored Bitcoin Retirement Plans
Digital Asset Investment Management says its new retirement plans can help savers beat inflation.
Bitwage Rolls Out Bitcoin 401(k) Plan With Help From Gemini
The crypto payroll provider claims its “world’s first” bitcoin 401(k) plan can help U.S. companies cross the crucial 75% threshold with their small business loans.
Blockchain Can Help UK Savers Recover $48B in Unclaimed Pensions, Says R3
Blockchain solutions based on R3’s tech will make it easier for users to verify their identities and claim lost pensions, the firm says.
Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds
The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out.
Custody Provider Legacy Trust Launches Crypto Pension Plan
Cryptocurrency custody provider Legacy Trust is launching one of the first digital assets-based pension plans.
UK’s Pensions and Welfare Department Eyes DLT for Faster Payments
The U.K. Department for Work and Pensions is investigating distributed ledger technology as a way to boost its payments systems.
Old Meets Young: Pension Funds and Crypto Investment
Are pension funds poised to invest in crypto assets? Not yet, argues Noelle Acheson – but a shift has started.