Australian pension fund Hostplus eyes crypto offering for self-directed accounts: Bloomberg
Summary
Hostplus, one of Australia’s largest pension funds managing over A$150 billion, is exploring the possibility of adding Bitcoin and other digital assets to its Choiceplus self-directed investment option. This move comes as demand from members for crypto exposure increases, with some questioning why they lack access to these assets. Chief Investment Officer Sam Sicilia stated that the offering could arrive as early as the next financial year, pending regulatory approval and internal design work, with ongoing review of consumer protections and product structure. Hostplus is revisiting crypto after a decade, now considering a broader range of digital assets, including tokenized exposures. While Australia’s pension industry has shown limited interest in crypto, the U.S. has been more proactive, with recent actions allowing crypto in 401(k) plans and state retirement systems.
(Source:The Block)