PANews reported on November 5, according to CoinDesk, that the UK's first pension fund has officially allocated 3% of its assets to Bitcoin, becoming the country's first pension fund to directly invest in cryptocurrency. This investment was guided by pension expert Cartwright, with a total fund asset amount of £50 million (approximately $65 million), and it is held not through alternative means such as spot ETFs, but by employing five independent institutions to distribute private keys to ensure asset security.
Cartwright has also launched a Bitcoin employee benefits program, allowing companies to pay Bitcoin directly to employees' digital wallets. So far, five companies have expressed interest in the product. Glenn Cameron, Cartwright's head of digital assets, pointed out that this investment was made after extensive ESG and security assessments, reflecting the trustees' forward-looking recognition of crypto assets.
