Advisers should be pro-active in their capability and APL coverage, as digital assets experience record growth in the SMSF sector. 

New research commissioned by OKX Australia and conducted by CoreData reveals that digital assets were a significant driver in SMSF establishment decisions, however, the growth in digital asset investment appears to be running ahead of the infrastructure needed to support it. 

The research found that 46 per cent of crypto-SMSF trustees reported difficulty meeting ATO compliance requirements and only one in 10 financial advisers currently have digital assets on their approved product list, limiting the ability of many advisers to formally advise on an asset class in which clients are…