Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members By Cointelegraph

Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members By Cointelegraph

$400M funding round to help Gemini build in the decentralized Metaverse
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© Reuters.

Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies.

The fund has more than $46.8 billion worth of assets under management and around 1.8 million members. Superannuation is the equivalent of a 401k or Individual Retirement Account in the United States and is compulsory for all employees. Until now, the $2.4-trillion sector has been extremely cautious about cryptocurrency.