OKX is making a push into Australia’s retirement market, regardless of crypto nonetheless being a notably small element.
On Sunday, the alternate introduced the launch of a platform for self-managed superannuation funds, or SMSFs.
These non-public retirement automobiles permit people and small teams to handle their very own financial savings instantly, providing a substitute for the business and retail funds that also dominate Australia’s pension system.
“Adoption is already far increased than many realise: SMSF crypto holdings have grown seven instances 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, advised Decrypt.
Cooper stated OKX developed the platform in session with trustees and business professionals, with options comparable to custody, multi-signature safety, and proof-of-reserves reporting throughout 22 tokens.
“This isn’t about chasing a pattern; it’s about offering severe infrastructure for SMSF trustees selecting to incorporate digital property of their portfolios. Australian SMSF trustees handle extra money than most sovereign wealth funds. They deserve enterprise-level options,” she added.
OKX claims the brand new enlargement is designed to provide each particular person and company trustees a simple path to including crypto to retirement portfolios.
It provides infrastructure that particularly addresses SMSF necessities, together with end-of-year reporting for audits, compliance checks, and AUSTRAC-registered alternate companies.
Digital property have turn into the fastest-growing slice of superannuation, with SMSF crypto allocations up 746% between March 2020 and March 2025, in accordance with information from OKX’s assertion. Total, SMSFs handle practically a 3rd of Australia’s $4 trillion retirement pool.
Contemporary information from the Australian Prudential Regulation Authority reveals complete SMSF property grew solely 5.5% within the yr to June 2025, suggesting that whereas digital asset allocations inside these funds have surged from a low base 5 years in the past, the broader pool of SMSF financial savings is increasing at a a lot slower tempo.
Earlier this month, an Australian Tax Workplace report confirmed self-managed tremendous funds held about A$3 billion (US$1.9 billion) in crypto at midyear, which is lower than 0.3% of their property and a fair smaller share of the nation’s A$4.3 trillion pension system.
SMSFs remained closely weighted towards shares, money, and property, with crypto allocations regular after a quick spike in early 2024, per the report.
On the time, observers famous that traders “missed the rally” by stepping again after that peak, aligning with how SMSFs stay a cautious funding product at the same time as Asia-Pacific crypto volumes surged roughly 69% over the identical interval.
Nonetheless, Cooper stated OKX expects to see “1000’s of SMSFs onboard within the subsequent 12 to 24 months,” with lots of them switching from different exchanges.
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