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Fidelity: Pension Plans Are Exploring ~$5 Trillion Opportunity In Crypto
Fidelity Digital Assets stated that with the arrival of regulated products like spot Bitcoin ETFs, pension funds have started seeking exposure to crypto.
As per the latest report from Fidelity Digital Assets, pension plans have started warming up to the idea of seeking investment exposure in crypto assets.
During an event held in London, Manuel Nordeste, Vice President at Fidelity Digital Assets, remarked that defined benefit plans and other pension funds are in the initial stages of discussing crypto assets with their investment committees.
Family Offices Seeking Crypto Exposure
Nordeste noted that small-scale yet savvy investors such as family offices and high-net-worth individuals are showing a greater inclination towards investing in crypto.
He reflected on the early days of Fidelity Digital Assets, founded in 2018, highlighting the initial interest from family offices, specialized asset managers, hedge funds, and subsequently, larger blue-chip hedge funds.
“Now, we’re starting to have conversations with the larger, real money institutional investor types, and we’re getting some of those clients, as well as corporates and so on,” he added.
Fidelity Digital Assets conducted a survey of the broader markets which showed that 80% of high-net individuals have a positive view about crypto, in comparison to 23% of pension plans. Moreover, 48% of those individuals have invested in digital assets while only 7% of pension plans have invested in crypto.
Nordeste pointed out that smaller firms often exhibit greater agility and risk-taking tendencies due to their lack of stringent investment mandates or the presence of easily navigable mandates. On the other hand, pension plans “take a really long time and need to be in a certain place to be in the market”.
