Major Australian pension fund mulls crypto offerings amid growing demand
Hostplus is the third-largest super fund in Australia by members, with 2.2 million, and the fifth-largest by assets under management, with over $96 billion in assets.
Hostplus, Australia’s third-largest pension fund by member count, is reportedly considering offering cryptocurrencies as an investment option, citing interest from its members in the asset class.
“There’s certainly a demand from some of our members who write in and say, ‘Why can’t I have access to cryptocurrency?’” Sam Sicilia, the fund’s chief investment officer, told Bloomberg on Monday.
Investment offerings in crypto could be available as soon as next financial year, he said, with Bitcoin and other digital assets offered through its ChoicePlus investment option, which allows people to self-manage their retirement savings portfolio.
