According to Foresight News, a UK pension fund has made a groundbreaking move by directly investing 3% of its assets in Bitcoin, marking the first instance of such an investment in the country. This decision was made with the assistance of consulting firm Cartwright, following extensive discussions with the fund's trustees. The discussions focused on environmental, social, and governance (ESG) factors and security measures. The private keys for the Bitcoin investment are managed collaboratively by five independent institutions to ensure security.
Cartwright is also planning to introduce a Bitcoin employee benefits scheme, which would allow companies to make direct Bitcoin payments to employees' wallets. This initiative has already garnered interest from several companies. Cartwright, headquartered in Hampshire, UK, employs between 51 and 200 people, according to LinkedIn. This move reflects a growing interest in integrating cryptocurrency into traditional financial systems and employee compensation packages, highlighting the evolving landscape of digital assets in the financial sector.
