LATEST: London’s Top Pension Fund M&G Plc Injects $20 Million into UK’s Crypto Derivatives

Traditional financial giants are increasingly venturing into the cryptocurrency world, signaling a new era of institutional confidence in digital assets. M&G Plc, a leading London-based pension fund, has invested $20 million in the UK crypto derivatives platform GFO-X. This investment, part of a larger $30 million Series B funding, signals a renewed confidence in digital assets, particularly after the FTX collapse last year. Additionally, South Korea’s National Pension Service has made its debut in the crypto market by investing in Coinbase, highlighting a growing trend of traditional finance exploring cryptocurrency opportunities.

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