Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the crypto market.
CPPI’s Alpha Generation Lab, which examines emerging investment trends, had formed a three-member team to research cryptocurrencies and blockchain-related businesses, with a view to taking potential exposure.
But CPPI abandoned the plan and redeployed the team to other areas.
The move also comes as two other Canadian pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius earlier this year.
CPPI pension fund did clarify that it has not made any direct investment funds into cryptocurrency.
