Japan's government pension fund on Tuesday said it is requesting information on"illiquidity assets" such as bitcoin as part of research into potential new investments.
The Government Pension Investment Fund of Japan is looking for information about assets such as bitcoin and how these might be incorporated into the portfolio of pension funds. GPIF's statement comes days after bitcoin hit an all-time high and after the world's largest cryptocurrency has rallied more than 130% over the last year.on several different rankings, said it is looking for"basic information" on illiquid assets other than those in which it already invests.
GPIF said it currently puts funds in domestic and foreign bonds and stocks, real estate, infrastructure and private equity. It is now looking for information about other assets such as forests, farmland, gold and bitcoin and how these might be incorporated into the portfolio of pension funds.launch of bitcoin exchange-traded funds in the U.S.Pension funds have been very cautious about stepping into cryptocurrency investments due to the latter's volatile nature.
In Japan, the government in February proposed a law that would, if passed, allow investment funds to hold digital assets like cryptocurrencies.SpaceX Launch
Source: News Formal (newsformal.com)
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