OKX is making a push into Australia’s retirement market, regardless of crypto serene being a critically miniature part.
On Sunday, the alternate launched the delivery of a platform for self-managed superannuation funds, or SMSFs.
These personal retirement autos allow other folk and miniature teams to abet an eye on their very beget savings straight, offering a change for the industry and retail funds that serene dominate Australia’s pension system.
“Adoption is already some distance greater than many realise: SMSF crypto holdings possess 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 mentioned OKX developed the platform in consultation with trustees and industry mavens, with aspects equivalent to custody, multi-signature security, and proof-of-reserves reporting for the duration of 22 tokens.
“This isn’t about chasing a style; it’s about offering extreme infrastructure for SMSF trustees deciding on to incorporate digital sources of their portfolios. Australian SMSF trustees arrange extra cash than most sovereign wealth funds. They deserve endeavor-stage solutions,” she added.
OKX claims the recent enlargement is designed to present both particular particular person and company trustees a straightforward direction to adding crypto to retirement portfolios.
It adds infrastructure that namely addresses SMSF requirements, including dwell-of-300 and sixty five days reporting for audits, compliance checks, and AUSTRAC-registered alternate providers and products.
Digital sources possess become the fastest-rising sever of superannuation, with SMSF crypto allocations up 746% between March 2020 and March 2025, in accordance with data from OKX’s issue. Total, SMSFs arrange virtually a Third of Australia’s $4 trillion retirement pool.
Fresh data from the Australian Prudential Regulation Authority shows total SMSF sources grew greatest 5.5% within the 300 and sixty five days to June 2025, suggesting that while digital asset allocations within these funds possess surged from a low indecent five years within the past, the broader pool of SMSF savings is expanding at a powerful slower tear.
Earlier this month, an Australian Tax Living of work file showed self-managed tidy funds held about A$3 billion (US$1.9 billion) in crypto at midyear, which is lower than 0.3% of their sources and an even smaller section of the nation’s A$4.3 trillion pension system.
SMSFs remained heavily weighted toward shares, cash, and property, with crypto allocations regular after a temporary spike in early 2024, per the file.
On the time, observers famed that merchants “neglected the rally” by stepping help after that height, aligning with how SMSFs dwell a cautious investment product at the same time as Asia-Pacific crypto volumes surged roughly 69% over the identical interval.
Quiet, Cooper mentioned OKX expects to look “hundreds of SMSFs onboard within the next 12 to 24 months,” with heaps of them switching from varied exchanges.
