QIC’s head of currencies Stuart Simmons makes more explanations, as the Australia’s fifth-largest pension fund is considering allocating capital to the crypto markets. Notably, Queensland Investment Corporation (QIC) manages $69 billion worth of assets
Accordingly, The Financial Times reports that Queensland Investment Corporation (QIC) is open to making cryptocurrency investments. However, it will continue to remain cautious of the nascent digital asset space.
Furthermore, Stuart Simmons explains that big investors want more regulatory certainty and protection. Particularly, against fraud, theft, market manipulation and other “unquantifiable risks”. Also, they wish to find exposure to crypto immediately the market matures.
Additionally, he notes how a clearer regulatory requirements can make moderate investors feel more comfortable. Thereby, have more confidence in putting their money on digital assets.
More so, Stuart explains further,
“Right now there are a number of uncertainties,…”
“and the operational infrastructure for institutional investing remains immature…”
Also, he continues,
“I don’t think there’s an inevitability about super funds and the institutional market…”
“investing in crypto, but as the segment matures …”
“there’s a likelihood that super funds seek out exposure…”
Lastly, Stuart adds,
“As the framework continues to develop, super funds may eventually simply…”
“be responding to user demand by facilitating investment in crypto.”
Stuart concludes.
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