Canada’s biggest pension fund, CPP Investments, which manages over $382 billion in customer funds, has completely halted its effort to study cryptocurrency investment opportunities after more than a year of effort. The information was passed on by two people familiar with the matter to Reuters.
The exact reason for the decision is unclear. The pension fund also clarified that it has not directly invested in cryptocurrencies. Earlier in 2021, CPPI’s Alpha Generation Lab formed a three-member team. The team was deployed to analyze and study blockchain and cryptocurrency-related businesses.