OKX is making a push into Australia’s retirement market, despite crypto still being a notably small component.

On Sunday, the exchange announced the launch of a platform for self-managed superannuation funds, or SMSFs.

These private retirement vehicles allow individuals and small groups to manage their own savings directly, offering an alternative to the industry and retail funds that still dominate Australia’s pension system.

“Adoption is already far higher than many realise: SMSF crypto holdings have grown seven times since 2021, with $1.7 billion (US$1.1 billion) to $1.8 billion (US$1.2 billion) now invested,” Kate Cooper, CEO of OKX Australia, told Decrypt.

Cooper said OKX developed the platform in consultation with trustees and industry professionals, with features such as custody, multi-signature security, and proof-of-reserves reporting across 22 tokens.

“This isn’t about chasing a trend; it’s about providing serious infrastructure for SMSF trustees choosing to include digital assets in their portfolios. Australian SMSF trustees manage more money than most sovereign wealth funds. They deserve enterprise-level solutions,” she added.

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Author: Vince Dioquino