First UK Pension Fund Invests in Bitcoin
Powered by @unfolded- British pension specialist Cartwright has facilitated the first U.K. pension fund to allocate 3% of its £50 million assets directly into bitcoin, rather than through proxies like ETFs.
- The investment was made after extensive consultations addressing ESG concerns, investment rationale, and security, with the private key secured among five independent institutions.
- Cartwright is also launching a Bitcoin Employee Benefits scheme, allowing employers to pay employees in bitcoin, with five companies already expressing interest.
- This U.K. pension fund's allocation is significantly larger than a recent U.S. state pension investment, which constituted only 0.1% of its assets.
https://www.coindesk.com/business/2024/11/04/first-uk-pension-fund-invests-in-bitcoin/