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Stuart Simmons Explains How Queensland Investment Corporation (QIC) Plans To Allocate Capital to Crypto Space

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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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.