As one pension fund reveals a new crypto-related investment, others may soon follow. Though allocations are likely to follow ample due diligence and could be limited to certain categories, industry participants say. 

The investment arm of London-based M&G plc invested $20 million Global Futures & Options Holdings (GFO-X), the company said Sunday. GFO-X is the UK’s first centrally-cleared crypto derivatives trading platform venue regulated by the Financial Conduct Authority, it noted.

M&G plc — with roughly five million investment, insurance policy holders and pension customers — made the allocation on behalf of the Prudential With-Profits Fund. The company managed 332 billion…

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