Japan's Government Pension Fund (GPIF) has begun studying information on low-liquidity assets as part of its portfolio diversification strategy, writes Incrypted.
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What is known
On March 19, 2024, GPIF announced that it intends to collect additional information about Bitcoin, gold and agricultural lands. According to the fund, the initiative is part of a five-year study of investments in response to economic and social changes, as well as rapid growth in technology.
According to the document, GPIF is seeking basic information about assets, including academic research, analytical tools and indices. examples of investments and options for inclusion in a pension fund portfolio.
Note that the document does not talk about direct investments in digital assets. The initiative is in the data collection stage before discussion and risk assessment.
GPIF is reported to invest in government securities, foreign bonds and stocks, real estate and infrastructure.
Pension funds such as Houston Firefighters and the National Pension Service of South Korea are investing in Bitcoin and other digital assets.
According to Bloomberg, GPIF is the world's largest pension fund. The organization manages assets amounting to $1.4 trillion. Morgan Creek Digital founder Anthony Pompliano has repeatedly called cryptocurrency one of the best investments for retirement funds.
The announcement comes weeks after the Japanese cabinet signed a bill allowing venture capital firms to own crypto assets.