OKX is making a push into Australia’s retirement market, regardless of crypto nonetheless being a notably small part.
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 larger 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 mentioned OKX developed the platform in session with trustees and business professionals, with options corresponding to custody, multi-signature safety, and proof-of-reserves reporting throughout 22 tokens.
“This isn’t about chasing a pattern; it’s about offering critical infrastructure for SMSF trustees selecting to incorporate digital belongings of their portfolios. Australian SMSF trustees handle more cash 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 an easy 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 providers.
Digital belongings have turn into the fastest-growing slice of superannuation, with SMSF crypto allocations up 746% between March 2020 and March 2025, in keeping with knowledge from OKX’s assertion. Total, SMSFs handle almost a 3rd of Australia’s $4 trillion retirement pool.
Recent knowledge from the Australian Prudential Regulation Authority reveals complete SMSF belongings grew solely 5.5% within the 12 months 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 belongings and an excellent 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 buyers “missed the rally” by stepping again after that peak, aligning with how SMSFs stay a cautious funding product whilst Asia-Pacific crypto volumes surged roughly 69% over the identical interval.
Nonetheless, Cooper mentioned OKX expects to see “hundreds of SMSFs onboard within the subsequent 12 to 24 months,” with a lot of them switching from different exchanges.
