Australia’s Rest Super retirement fund to invest in crypto for its

Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies.

The fund has more than $46.8 billion worth of assets under management and around 1.8 million members. Superannuation is the equivalent of a 401k or Individual Retirement Account in the United States and is compulsory for all employees. Until now, the $2.4-trillion sector has been extremely cautious about cryptocurrency.