Coinbase Australia Launches Support Service for Self-Managed Super Funds, Allowing Allocation to Digital Assets Like Bitcoin

Odaily reports that Coinbase Australia has launched a dedicated support service for Self-Managed Super Funds (SMSF), providing Australian trustees with a compliant and secure digital asset investment solution to help incorporate crypto assets like Bitcoin into retirement portfolios.

According to Coinbase's official blog, the service leverages its recently obtained Australian Financial Services License (AFSL) and local team capabilities, offering entity verification processes tailored to Australian fund structures, downloadable audit reports compliant with local accounting standards, and institutional-grade security measures.

Data from the Australian Taxation Office shows there are currently over 653,000 SMSFs in Australia, managing assets worth A$1.05 trillion and serving more than 1.2 million members. Coinbase stated that SMSFs are among the few retirement structures globally that allow individuals to directly manage digital assets, becoming a key gateway for investors to include cryptocurrencies in their long-term retirement strategies. (The Block)