Australian superannuation fund Hostplus plans to offer its members cryptocurrency investment options.

CoinFeed reported on March 24th, citing Bloomberg, that Hostplus, one of Australia's largest superannuation funds, is considering offering cryptocurrency investment options to its members. The fund manages over A$150 billion in assets and plans to offer Bitcoin and other digital assets through its Choiceplus investment option. Choiceplus allows members to manage their own retirement savings portfolios, and currently, assets under this option account for approximately 1% of the fund's total assets. Chief Investment Officer Sam Sicilia stated that there is demand for crypto assets among some members, and the product could be launched as early as the next financial year, but it is still in the design phase and requires regulatory approval. Issues such as consumer protection remain to be addressed.