Australia is escalating its efforts to trigger institutional crypto investment in the country with Rest Super becoming the first superannuation fund to invest in cryptocurrencies.
It has $46.8 billion worth of assets under management and a client base of nearly 1.8 million members. Like 401k, Superannuation is a necessity and compulsory for all employees in Australia. The sector has a net worth of nearly $2.4 trillion and will be the first time delving into crypto market.
Last month, there were
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