$190B Ontario pension says no to crypto after FTX investment loss
The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022.
The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022.
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.
Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.