🚀 Bitcoin on fire?🔥 UK pension fund thoughts

In a first-of-its-kind move, a UK pension fund has stepped into the crypto arena, allocating 3% of its assets to Bitcoin! 🪙 With guidance from consulting firm Cartwright, this landmark investment involved rigorous discussions around environmental, social, and governance (ESG) factors and security protocols with the fund’s trustees.

🔐 To ensure ironclad security, private keys for the Bitcoin assets are being safeguarded by five independent institutions. Cartwright has also set its sights on introducing a Bitcoin employee benefits scheme, enabling companies to make direct Bitcoin payments to employees’ wallets. This initiative has already piqued the interest of several firms, eager to join the crypto trend.

📍 Headquartered in Hampshire, Cartwright employs between 51 and 200 people, reflecting the shifting tides as cryptocurrency becomes more ingrained in traditional finance and employee compensation. This move signals a significant step toward integrating digital assets into the UK’s financial landscape.

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