Hostplus Considers Crypto Access Amid Market Shifts
- Hostplus, a major Australian superannuation fund, is exploring offering Bitcoin and other digital assets to its members.
- The fund manages $105 billion (A$150 billion) and serves nearly two million members with an average age in the mid-to-late 30s.
- The initiative focuses on Choiceplus, allowing members to manage about 1% of their retirement savings.
- AMP Super, which previously backed crypto, cut its Bitcoin futures exposure due to market volatility.
Hostplus is considering expanding into digital assets beyond Bitcoin, including tokenized music rights, reflecting evolving views on cryptocurrency investments among super funds. This potential move comes as AMP Super reduces its crypto exposure amid market downturns.
With a launch possible as early as next financial year pending regulatory approval, Hostplus aims to meet member demand for digital asset access while ensuring consumer protections are in place. Source
